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Two experts in the legal and financial aspects of bankruptcy investing present this text for serious, though not necessarily largescale, investors considering investment in the securities of troubled companies. The focus is on publicly traded instruments, but nonpublic securities are also discussed. The revised edition incorporates updates on a number of emergency trends and opportunities occurring since publication of the first edition, and expansion of the authors' prior views and findings. Branch teaches finance at the U. of Massachusetts; Ray heads the national bankruptcy practice of an American law firm. Annotation c. Book News, Inc., Portland, OR (booknews.com)
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