id	sid	tid	token	lemma	pos
fsr-3739	1	1	pii	pii	PROPN
fsr-3739	1	2	:	:	PUNCT
fsr-3739	1	3	1057	1057	NUM
fsr-3739	1	4	-	-	PUNCT
fsr-3739	1	5	0810(95)90017	0810(95)90017	NUM
fsr-3739	1	6	-	-	PUNCT
fsr-3739	1	7	9	9	NUM
fsr-3739	1	8	financial	financial	ADJ
fsr-3739	1	9	services	service	NOUN
fsr-3739	1	10	review	review	NOUN
fsr-3739	1	11	,	,	PUNCT
fsr-3739	1	12	4(l	4(l	NUM
fsr-3739	1	13	):	):	PUNCT
fsr-3739	1	14	41	41	NUM
fsr-3739	1	15	-	-	SYM
fsr-3739	1	16	56	56	NUM
fsr-3739	1	17	copyright	copyright	NOUN
fsr-3739	1	18	0	0	NUM
fsr-3739	1	19	199.5	199.5	NUM
fsr-3739	1	20	by	by	ADP
fsr-3739	1	21	jai	jai	PROPN
fsr-3739	1	22	press	press	PROPN
fsr-3739	1	23	inc	inc	PROPN
fsr-3739	1	24	.	.	PROPN
fsr-3739	1	25	issn	issn	PROPN
fsr-3739	1	26	:	:	PUNCT
fsr-3739	1	27	1057	1057	NUM
fsr-3739	1	28	-	-	SYM
fsr-3739	1	29	0810	0810	NUM
fsr-3739	1	30	all	all	DET
fsr-3739	1	31	rights	right	NOUN
fsr-3739	1	32	of	of	ADP
fsr-3739	1	33	reproduction	reproduction	NOUN
fsr-3739	1	34	in	in	ADP
fsr-3739	1	35	any	any	DET
fsr-3739	1	36	form	form	NOUN
fsr-3739	1	37	reserved	reserve	VERB
fsr-3739	1	38	.	.	PUNCT
fsr-3739	2	1	analysis	analysis	NOUN
fsr-3739	2	2	of	of	ADP
fsr-3739	2	3	u.s	u.s	PROPN
fsr-3739	2	4	.	.	PROPN
fsr-3739	2	5	savings	saving	NOUN
fsr-3739	2	6	bonds	bond	NOUN
fsr-3739	2	7	tom	tom	PROPN
fsr-3739	2	8	l.	l.	PROPN
fsr-3739	2	9	potts	potts	PROPN
fsr-3739	2	10	william	william	PROPN
fsr-3739	2	11	reichenstein	reichenstein	PROPN
fsr-3739	2	12	u.s	u.s	PROPN
fsr-3739	2	13	.	.	PROPN
fsr-3739	2	14	savings	saving	NOUN
fsr-3739	2	15	bonds	bond	NOUN
fsr-3739	2	16	are	be	AUX
fsr-3739	2	17	cum	cum	ADJ
fsr-3739	2	18	~	~	SYM
fsr-3739	2	19	iex	iex	PROPN
fsr-3739	2	20	con#r	con#r	X
fsr-3739	3	1	~	~	PROPN
fsr-3739	3	2	c~.	c~.	X
fsr-3739	3	3	~in	~in	PROPN
fsr-3739	3	4	~	~	SYM
fsr-3739	3	5	nc	nc	PROPN
fsr-3739	3	6	~	~	PROPN
fsr-3739	3	7	l	l	X
fsr-3739	3	8	piu	piu	X
fsr-3739	3	9	~	~	SYM
fsr-3739	3	10	ners	ner	NOUN
fsr-3739	3	11	have	have	AUX
fsr-3739	3	12	tr	tr	VERB
fsr-3739	3	13	~	~	VERB
fsr-3739	3	14	itio	itio	NOUN
fsr-3739	3	15	~	~	NOUN
fsr-3739	3	16	ally	ally	NOUN
fsr-3739	3	17	paid	pay	VERB
fsr-3739	3	18	tittie	tittie	ADJ
fsr-3739	3	19	attention	attention	NOUN
fsr-3739	3	20	to	to	ADP
fsr-3739	3	21	savings	saving	NOUN
fsr-3739	3	22	bonds	bond	NOUN
fsr-3739	3	23	,	,	PUNCT
fsr-3739	3	24	in	in	ADP
fsr-3739	3	25	part	part	NOUN
fsr-3739	3	26	because	because	SCONJ
fsr-3739	3	27	they	they	PRON
fsr-3739	3	28	often	often	ADV
fsr-3739	3	29	o$er	o$er	NUM
fsr-3739	3	30	below	below	ADP
fsr-3739	3	31	-	-	PUNCT
fsr-3739	3	32	market	market	NOUN
fsr-3739	3	33	interest	interest	NOUN
fsr-3739	3	34	rates	rate	NOUN
fsr-3739	3	35	.	.	PUNCT
fsr-3739	4	1	however	however	ADV
fsr-3739	4	2	,	,	PUNCT
fsr-3739	4	3	they	they	PRON
fsr-3739	4	4	sometimes	sometimes	ADV
fsr-3739	4	5	offer	offer	VERB
fsr-3739	4	6	above	above	ADP
fsr-3739	4	7	-	-	PUNCT
fsr-3739	4	8	market	market	NOUN
fsr-3739	4	9	interest	interest	NOUN
fsr-3739	4	10	rates	rate	NOUN
fsr-3739	4	11	,	,	PUNCT
fsr-3739	4	12	especially	especially	ADV
fsr-3739	4	13	when	when	SCONJ
fsr-3739	4	14	one	one	PRON
fsr-3739	4	15	learns	learn	VERB
fsr-3739	4	16	how	how	SCONJ
fsr-3739	4	17	to	to	PART
fsr-3739	4	18	view	view	VERB
fsr-3739	4	19	and	and	CCONJ
fsr-3739	4	20	value	value	NOUN
fsr-3739	4	21	theiroptionfentures	theiroptionfenture	NOUN
fsr-3739	4	22	.	.	PUNCT
fsr-3739	5	1	all	all	DET
fsr-3739	5	2	savings	saving	NOUN
fsr-3739	5	3	bonds	bond	NOUN
fsr-3739	5	4	contuinputoptions	contuinputoption	NOUN
fsr-3739	5	5	that	that	PRON
fsr-3739	5	6	protect	protect	VERB
fsr-3739	5	7	the	the	DET
fsr-3739	5	8	investor	investor	NOUN
fsr-3739	5	9	against	against	ADP
fsr-3739	5	10	a	a	DET
fsr-3739	5	11	rise	rise	NOUN
fsr-3739	5	12	in	in	ADP
fsr-3739	5	13	interest	interest	NOUN
fsr-3739	5	14	rates	rate	NOUN
fsr-3739	5	15	.	.	PUNCT
fsr-3739	6	1	thus	thus	ADV
fsr-3739	6	2	,	,	PUNCT
fsr-3739	6	3	they	they	PRON
fsr-3739	6	4	can	can	AUX
fsr-3739	6	5	be	be	AUX
fsr-3739	6	6	viewed	view	VERB
fsr-3739	6	7	as	as	ADP
fsr-3739	6	8	short	short	ADJ
fsr-3739	6	9	-	-	PUNCT
fsr-3739	6	10	term	term	NOUN
fsr-3739	6	11	,	,	PUNCT
fsr-3739	6	12	intermediate	intermediate	ADJ
fsr-3739	6	13	-	-	PUNCT
fsr-3739	6	14	term	term	NOUN
fsr-3739	6	15	,	,	PUNCT
fsr-3739	6	16	or	or	CCONJ
fsr-3739	6	17	long	long	ADJ
fsr-3739	6	18	-	-	PUNCT
fsr-3739	6	19	term	term	NOUN
fsr-3739	6	20	bonds	bond	NOUN
fsr-3739	6	21	.	.	PUNCT
fsr-3739	7	1	the	the	DET
fsr-3739	7	2	ee	ee	PROPN
fsr-3739	7	3	bonds	bond	NOUN
fsr-3739	7	4	also	also	ADV
fsr-3739	7	5	offer	offer	VERB
fsr-3739	7	6	several	several	ADJ
fsr-3739	7	7	tax	tax	NOUN
fsr-3739	7	8	options	option	NOUN
fsr-3739	7	9	.	.	PUNCT
fsr-3739	8	1	we	we	PRON
fsr-3739	8	2	show	show	VERB
fsr-3739	8	3	how	how	SCONJ
fsr-3739	8	4	savings	saving	NOUN
fsr-3739	8	5	bonds	bond	NOUN
fsr-3739	8	6	can	can	AUX
fsr-3739	8	7	be	be	AUX
fsr-3739	8	8	used	use	VERB
fsr-3739	8	9	to	to	PART
fsr-3739	8	10	beat	beat	VERB
fsr-3739	8	11	the	the	DET
fsr-3739	8	12	kiddie	kiddie	ADJ
fsr-3739	8	13	tax	tax	NOUN
fsr-3739	8	14	.	.	PUNCT
fsr-3739	9	1	to	to	PART
fsr-3739	9	2	finance	finance	VERB
fsr-3739	9	3	postsecond~~	postsecond~~	NOUN
fsr-3739	9	4	education	education	NOUN
fsr-3739	9	5	,	,	PUNCT
fsr-3739	9	6	and	and	CCONJ
fsr-3739	9	7	in	in	ADP
fsr-3739	9	8	retirement	retirement	NOUN
fsr-3739	9	9	piann	piann	PROPN
fsr-3739	9	10	~	~	SYM
fsr-3739	9	11	ng	ng	PROPN
fsr-3739	9	12	.	.	PUNCT
fsr-3739	9	13	i.	i.	PROPN
fsr-3739	9	14	insi~~~dwti	insi~~~dwti	PROPN
fsr-3739	9	15	~	~	SYM
fsr-3739	9	16	n	n	PRON
fsr-3739	9	17	u.s	u.s	PROPN
fsr-3739	9	18	.	.	PROPN
fsr-3739	9	19	savings	saving	NOUN
fsr-3739	9	20	bonds	bond	NOUN
fsr-3739	9	21	are	be	AUX
fsr-3739	9	22	complex	complex	ADJ
fsr-3739	9	23	contracts	contract	NOUN
fsr-3739	9	24	.	.	PUNCT
fsr-3739	10	1	today	today	NOUN
fsr-3739	10	2	,	,	PUNCT
fsr-3739	10	3	the	the	DET
fsr-3739	10	4	treasury	treasury	PROPN
fsr-3739	10	5	issues	issue	NOUN
fsr-3739	10	6	ee	ee	PROPN
fsr-3739	10	7	-	-	PUNCT
fsr-3739	10	8	series	series	PROPN
fsr-3739	10	9	and	and	CCONJ
fsr-3739	10	10	hh	hh	PROPN
fsr-3739	10	11	-	-	PUNCT
fsr-3739	10	12	series	series	NOUN
fsr-3739	10	13	savings	saving	NOUN
fsr-3739	10	14	bonds	bond	NOUN
fsr-3739	10	15	.	.	PUNCT
fsr-3739	11	1	both	both	DET
fsr-3739	11	2	series	serie	NOUN
fsr-3739	11	3	offer	offer	VERB
fsr-3739	11	4	put	put	VERB
fsr-3739	11	5	options	option	NOUN
fsr-3739	11	6	that	that	PRON
fsr-3739	11	7	protect	protect	VERB
fsr-3739	11	8	the	the	DET
fsr-3739	11	9	investor	investor	NOUN
fsr-3739	11	10	against	against	ADP
fsr-3739	11	11	the	the	DET
fsr-3739	11	12	risk	risk	NOUN
fsr-3739	11	13	of	of	ADP
fsr-3739	11	14	rising	rise	VERB
fsr-3739	11	15	interest	interest	NOUN
fsr-3739	11	16	rates	rate	NOUN
fsr-3739	11	17	.	.	PUNCT
fsr-3739	12	1	the	the	DET
fsr-3739	12	2	ee	ee	PROPN
fsr-3739	12	3	bond	bond	NOUN
fsr-3739	12	4	also	also	ADV
fsr-3739	12	5	offers	offer	VERB
fsr-3739	12	6	a	a	DET
fsr-3739	12	7	number	number	NOUN
fsr-3739	12	8	of	of	ADP
fsr-3739	12	9	tax	tax	NOUN
fsr-3739	12	10	options	option	NOUN
fsr-3739	12	11	.	.	PUNCT
fsr-3739	13	1	there	there	PRON
fsr-3739	13	2	has	have	AUX
fsr-3739	13	3	been	be	AUX
fsr-3739	13	4	little	little	ADJ
fsr-3739	13	5	prior	prior	ADJ
fsr-3739	13	6	analysis	analysis	NOUN
fsr-3739	13	7	of	of	ADP
fsr-3739	13	8	savings	saving	NOUN
fsr-3739	13	9	bonds	bond	NOUN
fsr-3739	13	10	.	.	PUNCT
fsr-3739	14	1	this	this	DET
fsr-3739	14	2	lack	lack	NOUN
fsr-3739	14	3	of	of	ADP
fsr-3739	14	4	attention	attention	NOUN
fsr-3739	14	5	has	have	AUX
fsr-3739	14	6	not	not	PART
fsr-3739	14	7	been	be	AUX
fsr-3739	14	8	due	due	ADJ
fsr-3739	14	9	to	to	ADP
fsr-3739	14	10	the	the	DET
fsr-3739	14	11	size	size	NOUN
fsr-3739	14	12	of	of	ADP
fsr-3739	14	13	the	the	DET
fsr-3739	14	14	market	market	NOUN
fsr-3739	14	15	-	-	PUNCT
fsr-3739	14	16	at	at	ADP
fsr-3739	14	17	year	year	NOUN
fsr-3739	14	18	-	-	PUNCT
fsr-3739	14	19	end	end	NOUN
fsr-3739	14	20	1992	1992	NUM
fsr-3739	14	21	,	,	PUNCT
fsr-3739	14	22	individuals	individual	NOUN
fsr-3739	14	23	held	hold	VERB
fsr-3739	14	24	$	$	SYM
fsr-3739	14	25	169.4	169.4	NUM
fsr-3739	14	26	billion	billion	NUM
fsr-3739	14	27	of	of	ADP
fsr-3739	14	28	u.s	u.s	PROPN
fsr-3739	14	29	.	.	PROPN
fsr-3739	14	30	savings	saving	NOUN
fsr-3739	14	31	bonds	bond	NOUN
fsr-3739	14	32	.	.	PUNCT
fsr-3739	15	1	rather	rather	ADV
fsr-3739	15	2	,	,	PUNCT
fsr-3739	15	3	the	the	DET
fsr-3739	15	4	lack	lack	NOUN
fsr-3739	15	5	of	of	ADP
fsr-3739	15	6	attention	attention	NOUN
fsr-3739	15	7	probably	probably	ADV
fsr-3739	15	8	reflects	reflect	VERB
fsr-3739	15	9	their	their	PRON
fsr-3739	15	10	complexity	complexity	NOUN
fsr-3739	15	11	and	and	CCONJ
fsr-3739	15	12	the	the	DET
fsr-3739	15	13	fact	fact	NOUN
fsr-3739	15	14	that	that	SCONJ
fsr-3739	15	15	they	they	PRON
fsr-3739	15	16	often	often	ADV
fsr-3739	15	17	offer	offer	VERB
fsr-3739	15	18	below	below	ADP
fsr-3739	15	19	-	-	PUNCT
fsr-3739	15	20	market	market	NOUN
fsr-3739	15	21	interest	interest	NOUN
fsr-3739	15	22	rates	rate	NOUN
fsr-3739	15	23	.	.	PUNCT
fsr-3739	16	1	however	however	ADV
fsr-3739	16	2	,	,	PUNCT
fsr-3739	16	3	interest	interest	NOUN
fsr-3739	16	4	rates	rate	NOUN
fsr-3739	16	5	on	on	ADP
fsr-3739	16	6	savings	saving	NOUN
fsr-3739	16	7	bonds	bond	NOUN
fsr-3739	16	8	are	be	AUX
fsr-3739	16	9	administered	administer	VERB
fsr-3739	16	10	,	,	PUNCT
fsr-3739	16	11	and	and	CCONJ
fsr-3739	16	12	administered	administer	VERB
fsr-3739	16	13	rates	rate	NOUN
fsr-3739	16	14	sometimes	sometimes	ADV
fsr-3739	16	15	result	result	VERB
fsr-3739	16	16	in	in	ADP
fsr-3739	16	17	above	above	ADP
fsr-3739	16	18	-	-	PUNCT
fsr-3739	16	19	market	market	NOUN
fsr-3739	16	20	yields	yield	NOUN
fsr-3739	16	21	.	.	PUNCT
fsr-3739	17	1	the	the	DET
fsr-3739	17	2	administered	administer	VERB
fsr-3739	17	3	interest	interest	NOUN
fsr-3739	17	4	rates	rate	NOUN
fsr-3739	17	5	on	on	ADP
fsr-3739	17	6	savings	saving	NOUN
fsr-3739	17	7	bonds	bond	NOUN
fsr-3739	17	8	have	have	AUX
fsr-3739	17	9	occasionally	occasionally	ADV
fsr-3739	17	10	exceeded	exceed	VERB
fsr-3739	17	11	market	market	NOUN
fsr-3739	17	12	rates	rate	NOUN
fsr-3739	17	13	available	available	ADJ
fsr-3739	17	14	on	on	ADP
fsr-3739	17	15	comparable	comparable	ADJ
fsr-3739	17	16	treasury	treasury	NOUN
fsr-3739	17	17	securities	security	NOUN
fsr-3739	17	18	.	.	PUNCT
fsr-3739	18	1	for	for	ADP
fsr-3739	18	2	example	example	NOUN
fsr-3739	18	3	,	,	PUNCT
fsr-3739	18	4	from	from	ADP
fsr-3739	18	5	october	october	PROPN
fsr-3739	18	6	1992	1992	NUM
fsr-3739	18	7	through	through	ADP
fsr-3739	18	8	february	february	PROPN
fsr-3739	18	9	1993	1993	NUM
fsr-3739	18	10	,	,	PUNCT
fsr-3739	18	11	the	the	DET
fsr-3739	18	12	ee	ee	PROPN
fsr-3739	18	13	bond	bond	NOUN
fsr-3739	18	14	offered	offer	VERB
fsr-3739	18	15	a	a	DET
fsr-3739	18	16	minimum	minimum	ADJ
fsr-3739	18	17	yield	yield	NOUN
fsr-3739	18	18	of	of	ADP
fsr-3739	18	19	6	6	NUM
fsr-3739	18	20	%	%	NOUN
fsr-3739	18	21	if	if	SCONJ
fsr-3739	18	22	held	hold	VERB
fsr-3739	18	23	for	for	ADP
fsr-3739	18	24	five	five	NUM
fsr-3739	18	25	years	year	NOUN
fsr-3739	18	26	,	,	PUNCT
fsr-3739	18	27	while	while	SCONJ
fsr-3739	18	28	five	five	NUM
fsr-3739	18	29	-	-	PUNCT
fsr-3739	18	30	year	year	NOUN
fsr-3739	18	31	,	,	PUNCT
fsr-3739	18	32	coupon	coupon	NOUN
fsr-3739	18	33	-	-	PUNCT
fsr-3739	18	34	bearing	bear	VERB
fsr-3739	18	35	treasury	treasury	NOUN
fsr-3739	18	36	notes	note	NOUN
fsr-3739	18	37	offered	offer	VERB
fsr-3739	18	38	yields	yield	NOUN
fsr-3739	18	39	below	below	ADP
fsr-3739	18	40	6	6	NUM
fsr-3739	18	41	%	%	NOUN
fsr-3739	18	42	.	.	PUNCT
fsr-3739	19	1	in	in	ADP
fsr-3739	19	2	early	early	ADJ
fsr-3739	19	3	1993	1993	NUM
fsr-3739	19	4	,	,	PUNCT
fsr-3739	19	5	several	several	ADJ
fsr-3739	19	6	financial	financial	ADJ
fsr-3739	19	7	articles	article	NOUN
fsr-3739	19	8	made	make	VERB
fsr-3739	19	9	this	this	DET
fsr-3739	19	10	comparison	comparison	NOUN
fsr-3739	19	11	.	.	PUNCT
fsr-3739	20	1	the	the	DET
fsr-3739	20	2	rush	rush	NOUN
fsr-3739	20	3	to	to	PART
fsr-3739	20	4	buy	buy	VERB
fsr-3739	20	5	the	the	DET
fsr-3739	20	6	above	above	NOUN
fsr-3739	20	7	-	-	PUNCT
fsr-3739	20	8	market	market	NOUN
fsr-3739	20	9	6	6	NUM
fsr-3739	20	10	%	%	NOUN
fsr-3739	20	11	savings	saving	NOUN
fsr-3739	20	12	bonds	bond	NOUN
fsr-3739	20	13	was	be	AUX
fsr-3739	20	14	so	so	ADV
fsr-3739	20	15	strong	strong	ADJ
fsr-3739	20	16	that	that	SCONJ
fsr-3739	20	17	at	at	ADP
fsr-3739	20	18	the	the	DET
fsr-3739	20	19	end	end	NOUN
fsr-3739	20	20	of	of	ADP
fsr-3739	20	21	february	february	PROPN
fsr-3739	20	22	,	,	PUNCT
fsr-3739	20	23	the	the	DET
fsr-3739	20	24	treasury	treasury	NOUN
fsr-3739	20	25	stopped	stop	VERB
fsr-3739	20	26	issuing	issue	VERB
fsr-3739	20	27	the	the	DET
fsr-3739	20	28	6	6	NUM
fsr-3739	20	29	%	%	NOUN
fsr-3739	20	30	ee	ee	NOUN
fsr-3739	20	31	contracts	contract	NOUN
fsr-3739	20	32	.	.	PUNCT
fsr-3739	21	1	funds	fund	NOUN
fsr-3739	21	2	invested	invest	VERB
fsr-3739	21	3	in	in	ADP
fsr-3739	21	4	the	the	DET
fsr-3739	21	5	6	6	NUM
fsr-3739	21	6	%	%	NOUN
fsr-3739	21	7	ee	ee	NOUN
fsr-3739	21	8	bonds	bond	NOUN
fsr-3739	21	9	continue	continue	VERB
fsr-3739	21	10	to	to	PART
fsr-3739	21	11	receive	receive	VERB
fsr-3739	21	12	6	6	NUM
fsr-3739	21	13	%	%	NOUN
fsr-3739	21	14	.	.	PUNCT
fsr-3739	22	1	beginning	begin	VERB
fsr-3739	22	2	in	in	ADP
fsr-3739	22	3	march	march	PROPN
fsr-3739	22	4	1993	1993	NUM
fsr-3739	22	5	,	,	PUNCT
fsr-3739	22	6	new	new	ADJ
fsr-3739	22	7	money	money	NOUN
fsr-3739	22	8	invested	invest	VERB
fsr-3739	22	9	in	in	ADP
fsr-3739	22	10	savings	saving	NOUN
fsr-3739	22	11	bonds	bond	NOUN
fsr-3739	22	12	had	have	VERB
fsr-3739	22	13	to	to	PART
fsr-3739	22	14	settle	settle	VERB
fsr-3739	22	15	for	for	ADP
fsr-3739	22	16	a	a	DET
fsr-3739	22	17	4	4	NUM
fsr-3739	22	18	%	%	NOUN
fsr-3739	22	19	promised	promise	VERB
fsr-3739	22	20	yield	yield	NOUN
fsr-3739	22	21	.	.	PUNCT
fsr-3739	23	1	the	the	DET
fsr-3739	23	2	financial	financial	ADJ
fsr-3739	23	3	press	press	NOUN
fsr-3739	23	4	and	and	CCONJ
fsr-3739	23	5	most	most	ADJ
fsr-3739	23	6	financial	financial	ADJ
fsr-3739	23	7	planners	planner	NOUN
fsr-3739	23	8	failed	fail	VERB
fsr-3739	23	9	to	to	PART
fsr-3739	23	10	realize	realize	VERB
fsr-3739	23	11	that	that	SCONJ
fsr-3739	23	12	the	the	DET
fsr-3739	23	13	4	4	NUM
fsr-3739	23	14	%	%	NOUN
fsr-3739	23	15	yield	yield	NOUN
fsr-3739	23	16	still	still	ADV
fsr-3739	23	17	represented	represent	VERB
fsr-3739	23	18	an	an	DET
fsr-3739	23	19	above	above	ADJ
fsr-3739	23	20	-	-	PUNCT
fsr-3739	23	21	market	market	NOUN
fsr-3739	23	22	yield	yield	NOUN
fsr-3739	23	23	for	for	ADP
fsr-3739	23	24	some	some	DET
fsr-3739	23	25	investors	investor	NOUN
fsr-3739	23	26	.	.	PUNCT
fsr-3739	24	1	savings	saving	NOUN
fsr-3739	24	2	bonds	bond	NOUN
fsr-3739	24	3	contain	contain	VERB
fsr-3739	24	4	a	a	DET
fsr-3739	24	5	tom	tom	PROPN
fsr-3739	24	6	l.	l.	PROPN
fsr-3739	24	7	potts	potts	PROPN
fsr-3739	24	8	and	and	CCONJ
fsr-3739	24	9	william	william	PROPN
fsr-3739	24	10	reichenstein	reichenstein	PROPN
fsr-3739	24	11	l	l	PROPN
fsr-3739	24	12	hankamer	hankamer	PROPN
fsr-3739	24	13	school	school	PROPN
fsr-3739	24	14	of	of	ADP
fsr-3739	24	15	business	business	NOUN
fsr-3739	24	16	,	,	PUNCT
fsr-3739	24	17	baylor	baylor	PROPN
fsr-3739	24	18	university	university	PROPN
fsr-3739	24	19	,	,	PUNCT
fsr-3739	24	20	waco	waco	PROPN
fsr-3739	24	21	,	,	PUNCT
fsr-3739	24	22	tx	tx	PROPN
fsr-3739	24	23	767988000	767988000	NUM
fsr-3739	24	24	.	.	PUNCT
fsr-3739	25	1	42	42	NUM
fsr-3739	25	2	financial	financial	ADJ
fsr-3739	25	3	services	service	NOUN
fsr-3739	25	4	review	review	VERB
fsr-3739	25	5	4(l	4(l	NUM
fsr-3739	25	6	)	)	PUNCT
fsr-3739	25	7	1995	1995	NUM
fsr-3739	25	8	put	put	NOUN
fsr-3739	25	9	option	option	NOUN
fsr-3739	25	10	that	that	PRON
fsr-3739	25	11	allows	allow	VERB
fsr-3739	25	12	investors	investor	NOUN
fsr-3739	25	13	to	to	PART
fsr-3739	25	14	redeem	redeem	VERB
fsr-3739	25	15	the	the	DET
fsr-3739	25	16	bonds	bond	NOUN
fsr-3739	25	17	at	at	ADP
fsr-3739	25	18	any	any	DET
fsr-3739	25	19	time	time	NOUN
fsr-3739	25	20	at	at	ADP
fsr-3739	25	21	a	a	DET
fsr-3739	25	22	present	present	ADJ
fsr-3739	25	23	price	price	NOUN
fsr-3739	25	24	.	.	PUNCT
fsr-3739	26	1	thus	thus	ADV
fsr-3739	26	2	,	,	PUNCT
fsr-3739	26	3	a	a	DET
fsr-3739	26	4	savings	savings	NOUN
fsr-3739	26	5	bond	bond	NOUN
fsr-3739	26	6	can	can	AUX
fsr-3739	26	7	be	be	AUX
fsr-3739	26	8	thought	think	VERB
fsr-3739	26	9	of	of	ADP
fsr-3739	26	10	as	as	ADP
fsr-3739	26	11	a	a	DET
fsr-3739	26	12	short	short	ADJ
fsr-3739	26	13	-	-	PUNCT
fsr-3739	26	14	term	term	NOUN
fsr-3739	26	15	bond	bond	NOUN
fsr-3739	26	16	,	,	PUNCT
fsr-3739	26	17	an	an	DET
fsr-3739	26	18	intermediate	intermediate	ADJ
fsr-3739	26	19	-	-	PUNCT
fsr-3739	26	20	term	term	NOUN
fsr-3739	26	21	bond	bond	NOUN
fsr-3739	26	22	,	,	PUNCT
fsr-3739	26	23	or	or	CCONJ
fsr-3739	26	24	a	a	DET
fsr-3739	26	25	long	long	ADJ
fsr-3739	26	26	-	-	PUNCT
fsr-3739	26	27	term	term	NOUN
fsr-3739	26	28	bond	bond	NOUN
fsr-3739	26	29	.	.	PUNCT
fsr-3739	27	1	for	for	ADP
fsr-3739	27	2	example	example	NOUN
fsr-3739	27	3	,	,	PUNCT
fsr-3739	27	4	since	since	SCONJ
fsr-3739	27	5	the	the	DET
fsr-3739	27	6	savings	savings	NOUN
fsr-3739	27	7	bond	bond	NOUN
fsr-3739	27	8	could	could	AUX
fsr-3739	27	9	be	be	AUX
fsr-3739	27	10	redeemed	redeem	VERB
fsr-3739	27	11	in	in	ADP
fsr-3739	27	12	six	six	NUM
fsr-3739	27	13	months	month	NOUN
fsr-3739	27	14	at	at	ADP
fsr-3739	27	15	par	par	NOUN
fsr-3739	27	16	plus	plus	CCONJ
fsr-3739	27	17	2	2	NUM
fsr-3739	27	18	%	%	NOUN
fsr-3739	27	19	interest	interest	NOUN
fsr-3739	27	20	,	,	PUNCT
fsr-3739	27	21	the	the	DET
fsr-3739	27	22	ee	ee	PROPN
fsr-3739	27	23	bond	bond	NOUN
fsr-3739	27	24	is	be	AUX
fsr-3739	27	25	also	also	ADV
fsr-3739	27	26	a	a	DET
fsr-3739	27	27	six	six	NUM
fsr-3739	27	28	-	-	PUNCT
fsr-3739	27	29	month	month	NOUN
fsr-3739	27	30	security	security	NOUN
fsr-3739	27	31	offering	offer	VERB
fsr-3739	27	32	a	a	DET
fsr-3739	27	33	4	4	NUM
fsr-3739	27	34	%	%	NOUN
fsr-3739	27	35	annual	annual	ADJ
fsr-3739	27	36	yield	yield	NOUN
fsr-3739	27	37	.	.	PUNCT
fsr-3739	28	1	until	until	ADP
fsr-3739	28	2	april	april	PROPN
fsr-3739	28	3	1994	1994	NUM
fsr-3739	28	4	,	,	PUNCT
fsr-3739	28	5	yields	yield	NOUN
fsr-3739	28	6	on	on	ADP
fsr-3739	28	7	six	six	NUM
fsr-3739	28	8	-	-	PUNCT
fsr-3739	28	9	month	month	NOUN
fsr-3739	28	10	marketable	marketable	ADJ
fsr-3739	28	11	securities	security	NOUN
fsr-3739	28	12	were	be	AUX
fsr-3739	28	13	consistently	consistently	ADV
fsr-3739	28	14	below	below	ADP
fsr-3739	28	15	4	4	NUM
fsr-3739	28	16	%	%	NOUN
fsr-3739	28	17	,	,	PUNCT
fsr-3739	28	18	often	often	ADV
fsr-3739	28	19	below	below	ADP
fsr-3739	28	20	3	3	NUM
fsr-3739	28	21	%	%	NOUN
fsr-3739	28	22	.	.	PUNCT
fsr-3739	29	1	yet	yet	ADV
fsr-3739	29	2	,	,	PUNCT
fsr-3739	29	3	few	few	ADJ
fsr-3739	29	4	financial	financial	ADJ
fsr-3739	29	5	planners	planner	NOUN
fsr-3739	29	6	encouraged	encourage	VERB
fsr-3739	29	7	their	their	PRON
fsr-3739	29	8	clients	client	NOUN
fsr-3739	29	9	to	to	PART
fsr-3739	29	10	buy	buy	VERB
fsr-3739	29	11	4	4	NUM
fsr-3739	29	12	%	%	NOUN
fsr-3739	29	13	ee	ee	ADP
fsr-3739	29	14	bonds	bond	NOUN
fsr-3739	29	15	instead	instead	ADV
fsr-3739	29	16	of	of	ADP
fsr-3739	29	17	lower	lower	ADV
fsr-3739	29	18	-	-	PUNCT
fsr-3739	29	19	yielding	yield	VERB
fsr-3739	29	20	near	near	ADJ
fsr-3739	29	21	-	-	PUNCT
fsr-3739	29	22	cash	cash	NOUN
fsr-3739	29	23	assets	asset	NOUN
fsr-3739	29	24	.	.	PUNCT
fsr-3739	30	1	we	we	PRON
fsr-3739	30	2	believe	believe	VERB
fsr-3739	30	3	that	that	SCONJ
fsr-3739	30	4	most	most	ADJ
fsr-3739	30	5	financial	financial	ADJ
fsr-3739	30	6	planners	planner	NOUN
fsr-3739	30	7	view	view	VERB
fsr-3739	30	8	savings	saving	NOUN
fsr-3739	30	9	bonds	bond	NOUN
fsr-3739	30	10	as	as	ADP
fsr-3739	30	11	a	a	DET
fsr-3739	30	12	long	long	ADJ
fsr-3739	30	13	-	-	PUNCT
fsr-3739	30	14	term	term	NOUN
fsr-3739	30	15	security	security	NOUN
fsr-3739	30	16	.	.	PUNCT
fsr-3739	31	1	the	the	DET
fsr-3739	31	2	above	above	ADJ
fsr-3739	31	3	example	example	NOUN
fsr-3739	31	4	shows	show	VERB
fsr-3739	31	5	that	that	SCONJ
fsr-3739	31	6	learning	learn	VERB
fsr-3739	31	7	to	to	PART
fsr-3739	31	8	view	view	VERB
fsr-3739	31	9	a	a	DET
fsr-3739	31	10	savings	savings	NOUN
fsr-3739	31	11	bond	bond	NOUN
fsr-3739	31	12	as	as	ADP
fsr-3739	31	13	a	a	DET
fsr-3739	31	14	short	short	ADJ
fsr-3739	31	15	-	-	PUNCT
fsr-3739	31	16	term	term	NOUN
fsr-3739	31	17	or	or	CCONJ
fsr-3739	31	18	intermediate	intermediate	ADJ
fsr-3739	31	19	term	term	NOUN
fsr-3739	31	20	security	security	NOUN
fsr-3739	31	21	can	can	AUX
fsr-3739	31	22	uncover	uncover	VERB
fsr-3739	31	23	important	important	ADJ
fsr-3739	31	24	investment	investment	NOUN
fsr-3739	31	25	opportunities	opportunity	NOUN
fsr-3739	31	26	.	.	PUNCT
fsr-3739	32	1	in	in	ADP
fsr-3739	32	2	addition	addition	NOUN
fsr-3739	32	3	to	to	ADP
fsr-3739	32	4	the	the	DET
fsr-3739	32	5	put	put	NOUN
fsr-3739	32	6	option	option	NOUN
fsr-3739	32	7	,	,	PUNCT
fsr-3739	32	8	ee	ee	PROPN
fsr-3739	32	9	savings	saving	NOUN
fsr-3739	32	10	bonds	bond	NOUN
fsr-3739	32	11	offer	offer	VERB
fsr-3739	32	12	several	several	ADJ
fsr-3739	32	13	tax	tax	NOUN
fsr-3739	32	14	options	option	NOUN
fsr-3739	32	15	.	.	PUNCT
fsr-3739	33	1	the	the	DET
fsr-3739	33	2	tax	tax	NOUN
fsr-3739	33	3	options	option	NOUN
fsr-3739	33	4	add	add	VERB
fsr-3739	33	5	yet	yet	ADV
fsr-3739	33	6	another	another	DET
fsr-3739	33	7	layer	layer	NOUN
fsr-3739	33	8	of	of	ADP
fsr-3739	33	9	complexity	complexity	NOUN
fsr-3739	33	10	to	to	ADP
fsr-3739	33	11	these	these	DET
fsr-3739	33	12	securities	security	NOUN
fsr-3739	33	13	while	while	SCONJ
fsr-3739	33	14	offering	offer	VERB
fsr-3739	33	15	other	other	ADJ
fsr-3739	33	16	investment	investment	NOUN
fsr-3739	33	17	opportunities	opportunity	NOUN
fsr-3739	33	18	.	.	PUNCT
fsr-3739	34	1	to	to	PART
fsr-3739	34	2	repeat	repeat	VERB
fsr-3739	34	3	,	,	PUNCT
fsr-3739	34	4	u.s	u.s	PROPN
fsr-3739	34	5	.	.	PROPN
fsr-3739	34	6	savings	saving	NOUN
fsr-3739	34	7	bonds	bond	NOUN
fsr-3739	34	8	do	do	AUX
fsr-3739	34	9	not	not	PART
fsr-3739	34	10	always	always	ADV
fsr-3739	34	11	present	present	VERB
fsr-3739	34	12	above	above	ADP
fsr-3739	34	13	-	-	PUNCT
fsr-3739	34	14	market	market	NOUN
fsr-3739	34	15	yields	yield	NOUN
fsr-3739	34	16	,	,	PUNCT
fsr-3739	34	17	but	but	CCONJ
fsr-3739	34	18	they	they	PRON
fsr-3739	34	19	sometimes	sometimes	ADV
fsr-3739	34	20	do	do	VERB
fsr-3739	34	21	.	.	PUNCT
fsr-3739	35	1	financial	financial	ADJ
fsr-3739	35	2	planners	planner	NOUN
fsr-3739	35	3	must	must	AUX
fsr-3739	35	4	learn	learn	VERB
fsr-3739	35	5	how	how	SCONJ
fsr-3739	35	6	to	to	PART
fsr-3739	35	7	analyze	analyze	VERB
fsr-3739	35	8	savings	saving	NOUN
fsr-3739	35	9	bonds	bond	NOUN
fsr-3739	35	10	before	before	SCONJ
fsr-3739	35	11	they	they	PRON
fsr-3739	35	12	can	can	AUX
fsr-3739	35	13	recognize	recognize	VERB
fsr-3739	35	14	these	these	DET
fsr-3739	35	15	unique	unique	ADJ
fsr-3739	35	16	opportunities	opportunity	NOUN
fsr-3739	35	17	.	.	PUNCT
fsr-3739	36	1	the	the	DET
fsr-3739	36	2	purpose	purpose	NOUN
fsr-3739	36	3	of	of	ADP
fsr-3739	36	4	this	this	DET
fsr-3739	36	5	article	article	NOUN
fsr-3739	36	6	is	be	AUX
fsr-3739	36	7	to	to	PART
fsr-3739	36	8	demonstrate	demonstrate	VERB
fsr-3739	36	9	how	how	SCONJ
fsr-3739	36	10	these	these	DET
fsr-3739	36	11	complex	complex	ADJ
fsr-3739	36	12	contracts	contract	NOUN
fsr-3739	36	13	can	can	AUX
fsr-3739	36	14	be	be	AUX
fsr-3739	36	15	viewed	view	VERB
fsr-3739	36	16	and	and	CCONJ
fsr-3739	36	17	used	use	VERB
fsr-3739	36	18	by	by	ADP
fsr-3739	36	19	investors	investor	NOUN
fsr-3739	36	20	.	.	PUNCT
fsr-3739	37	1	we	we	PRON
fsr-3739	37	2	use	use	VERB
fsr-3739	37	3	examples	example	NOUN
fsr-3739	37	4	from	from	ADP
fsr-3739	37	5	1993	1993	NUM
fsr-3739	37	6	,	,	PUNCT
fsr-3739	37	7	but	but	CCONJ
fsr-3739	37	8	the	the	DET
fsr-3739	37	9	approach	approach	NOUN
fsr-3739	37	10	can	can	AUX
fsr-3739	37	11	be	be	AUX
fsr-3739	37	12	applied	apply	VERB
fsr-3739	37	13	to	to	ADP
fsr-3739	37	14	other	other	ADJ
fsr-3739	37	15	times	time	NOUN
fsr-3739	37	16	.	.	PUNCT
fsr-3739	38	1	we	we	PRON
fsr-3739	38	2	show	show	VERB
fsr-3739	38	3	how	how	SCONJ
fsr-3739	38	4	savings	saving	NOUN
fsr-3739	38	5	bonds	bond	NOUN
fsr-3739	38	6	can	can	AUX
fsr-3739	38	7	be	be	AUX
fsr-3739	38	8	viewed	view	VERB
fsr-3739	38	9	as	as	ADP
fsr-3739	38	10	short	short	ADJ
fsr-3739	38	11	-	-	PUNCT
fsr-3739	38	12	term	term	NOUN
fsr-3739	38	13	,	,	PUNCT
fsr-3739	38	14	intermediate	intermediate	ADJ
fsr-3739	38	15	-	-	PUNCT
fsr-3739	38	16	term	term	NOUN
fsr-3739	38	17	,	,	PUNCT
fsr-3739	38	18	and	and	CCONJ
fsr-3739	38	19	long	long	ADJ
fsr-3739	38	20	-	-	PUNCT
fsr-3739	38	21	term	term	NOUN
fsr-3739	38	22	bonds	bond	NOUN
fsr-3739	38	23	.	.	PUNCT
fsr-3739	39	1	we	we	PRON
fsr-3739	39	2	also	also	ADV
fsr-3739	39	3	show	show	VERB
fsr-3739	39	4	how	how	SCONJ
fsr-3739	39	5	they	they	PRON
fsr-3739	39	6	can	can	AUX
fsr-3739	39	7	be	be	AUX
fsr-3739	39	8	used	use	VERB
fsr-3739	39	9	to	to	PART
fsr-3739	39	10	beat	beat	VERB
fsr-3739	39	11	the	the	DET
fsr-3739	39	12	kiddie	kiddie	ADJ
fsr-3739	39	13	tax	tax	NOUN
fsr-3739	39	14	,	,	PUNCT
fsr-3739	39	15	to	to	PART
fsr-3739	39	16	finance	finance	VERB
fsr-3739	39	17	postsecondary	postsecondary	ADJ
fsr-3739	39	18	education	education	NOUN
fsr-3739	39	19	,	,	PUNCT
fsr-3739	39	20	and	and	CCONJ
fsr-3739	39	21	in	in	ADP
fsr-3739	39	22	retirement	retirement	NOUN
fsr-3739	39	23	planning	planning	NOUN
fsr-3739	39	24	.	.	PUNCT
fsr-3739	40	1	the	the	DET
fsr-3739	40	2	article	article	NOUN
fsr-3739	40	3	is	be	AUX
fsr-3739	40	4	organized	organize	VERB
fsr-3739	40	5	as	as	SCONJ
fsr-3739	40	6	follows	follow	VERB
fsr-3739	40	7	:	:	PUNCT
fsr-3739	40	8	section	section	PROPN
fsr-3739	40	9	ii	ii	PROPN
fsr-3739	40	10	looks	look	VERB
fsr-3739	40	11	at	at	ADP
fsr-3739	40	12	historic	historic	ADJ
fsr-3739	40	13	aspects	aspect	NOUN
fsr-3739	40	14	of	of	ADP
fsr-3739	40	15	savings	saving	NOUN
fsr-3739	40	16	bonds	bond	NOUN
fsr-3739	40	17	and	and	CCONJ
fsr-3739	40	18	describes	describe	VERB
fsr-3739	40	19	the	the	DET
fsr-3739	40	20	terms	term	NOUN
fsr-3739	40	21	of	of	ADP
fsr-3739	40	22	the	the	DET
fsr-3739	40	23	ee	ee	PROPN
fsr-3739	40	24	-	-	PUNCT
fsr-3739	40	25	series	series	PROPN
fsr-3739	40	26	and	and	CCONJ
fsr-3739	40	27	hh	hh	PROPN
fsr-3739	40	28	-	-	PUNCT
fsr-3739	40	29	series	series	NOUN
fsr-3739	40	30	u.s	u.s	PROPN
fsr-3739	40	31	.	.	PROPN
fsr-3739	40	32	savings	saving	NOUN
fsr-3739	40	33	bonds	bond	NOUN
fsr-3739	40	34	;	;	PUNCT
fsr-3739	40	35	section	section	NOUN
fsr-3739	40	36	iii	iii	PROPN
fsr-3739	40	37	presents	present	VERB
fsr-3739	40	38	generic	generic	ADJ
fsr-3739	40	39	models	model	NOUN
fsr-3739	40	40	of	of	ADP
fsr-3739	40	41	the	the	DET
fsr-3739	40	42	bonds	bond	NOUN
fsr-3739	40	43	noting	note	VERB
fsr-3739	40	44	the	the	DET
fsr-3739	40	45	option	option	NOUN
fsr-3739	40	46	features	feature	NOUN
fsr-3739	40	47	;	;	PUNCT
fsr-3739	40	48	section	section	NOUN
fsr-3739	40	49	iv	iv	NUM
fsr-3739	40	50	values	value	NOUN
fsr-3739	40	51	hh	hh	VERB
fsr-3739	40	52	bonds	bond	NOUN
fsr-3739	40	53	and	and	CCONJ
fsr-3739	40	54	examines	examine	VERB
fsr-3739	40	55	their	their	PRON
fsr-3739	40	56	competitiveness	competitiveness	NOUN
fsr-3739	40	57	as	as	ADP
fsr-3739	40	58	short	short	ADJ
fsr-3739	40	59	-	-	PUNCT
fsr-3739	40	60	term	term	NOUN
fsr-3739	40	61	to	to	ADP
fsr-3739	40	62	long	long	ADJ
fsr-3739	40	63	-	-	PUNCT
fsr-3739	40	64	term	term	NOUN
fsr-3739	40	65	assets	asset	NOUN
fsr-3739	40	66	;	;	PUNCT
fsr-3739	40	67	section	section	NOUN
fsr-3739	40	68	v	v	NOUN
fsr-3739	40	69	discusses	discuss	VERB
fsr-3739	40	70	three	three	NUM
fsr-3739	40	71	tax	tax	NOUN
fsr-3739	40	72	-	-	PUNCT
fsr-3739	40	73	based	base	VERB
fsr-3739	40	74	strategies	strategy	NOUN
fsr-3739	40	75	using	use	VERB
fsr-3739	40	76	ee	ee	ADP
fsr-3739	40	77	bonds	bond	NOUN
fsr-3739	40	78	;	;	PUNCT
fsr-3739	40	79	and	and	CCONJ
fsr-3739	40	80	the	the	DET
fsr-3739	40	81	last	last	ADJ
fsr-3739	40	82	section	section	NOUN
fsr-3739	40	83	presents	present	VERB
fsr-3739	40	84	conclusions	conclusion	NOUN
fsr-3739	40	85	.	.	PUNCT
fsr-3739	41	1	ii	ii	PROPN
fsr-3739	41	2	.	.	PUNCT
fsr-3739	42	1	the	the	DET
fsr-3739	42	2	ee	ee	PROPN
fsr-3739	42	3	and	and	CCONJ
fsr-3739	42	4	hh	hh	PROPN
fsr-3739	42	5	savings	saving	NOUN
fsr-3739	42	6	bonds	bond	NOUN
fsr-3739	42	7	series	series	PROPN
fsr-3739	42	8	ee	ee	PROPN
fsr-3739	42	9	and	and	CCONJ
fsr-3739	42	10	hh	hh	PROPN
fsr-3739	42	11	savings	saving	NOUN
fsr-3739	42	12	bonds	bond	NOUN
fsr-3739	42	13	are	be	AUX
fsr-3739	42	14	the	the	DET
fsr-3739	42	15	only	only	ADJ
fsr-3739	42	16	ones	one	NOUN
fsr-3739	42	17	currently	currently	ADV
fsr-3739	42	18	being	be	AUX
fsr-3739	42	19	issued	issue	VERB
fsr-3739	42	20	in	in	ADP
fsr-3739	42	21	the	the	DET
fsr-3739	42	22	united	united	PROPN
fsr-3739	42	23	states	states	PROPN
fsr-3739	42	24	.	.	PUNCT
fsr-3739	43	1	for	for	ADP
fsr-3739	43	2	bonds	bond	NOUN
fsr-3739	43	3	issued	issue	VERB
fsr-3739	43	4	after	after	ADP
fsr-3739	43	5	march	march	PROPN
fsr-3739	43	6	1	1	NUM
fsr-3739	43	7	,	,	PUNCT
fsr-3739	43	8	1993	1993	NUM
fsr-3739	43	9	,	,	PUNCT
fsr-3739	43	10	table	table	NOUN
fsr-3739	43	11	1	1	NUM
fsr-3739	43	12	shows	show	VERB
fsr-3739	43	13	the	the	DET
fsr-3739	43	14	minimum	minimum	ADJ
fsr-3739	43	15	redemption	redemption	NOUN
fsr-3739	43	16	values	value	NOUN
fsr-3739	43	17	by	by	ADP
fsr-3739	43	18	investment	investment	NOUN
fsr-3739	43	19	horizon	horizon	NOUN
fsr-3739	43	20	on	on	ADP
fsr-3739	43	21	a	a	DET
fsr-3739	43	22	$	$	SYM
fsr-3739	43	23	1,000	1,000	NUM
fsr-3739	43	24	par	par	NOUN
fsr-3739	43	25	value	value	NOUN
fsr-3739	43	26	ee	ee	PROPN
fsr-3739	43	27	savings	saving	NOUN
fsr-3739	43	28	bond	bond	NOUN
fsr-3739	43	29	.	.	PUNCT
fsr-3739	44	1	it	it	PRON
fsr-3739	44	2	also	also	ADV
fsr-3739	44	3	shows	show	VERB
fsr-3739	44	4	the	the	DET
fsr-3739	44	5	coupon	coupon	NOUN
fsr-3739	44	6	interest	interest	NOUN
fsr-3739	44	7	payments	payment	NOUN
fsr-3739	44	8	on	on	ADP
fsr-3739	44	9	a	a	DET
fsr-3739	44	10	$	$	SYM
fsr-3739	44	11	1,000	1,000	NUM
fsr-3739	44	12	par	par	ADJ
fsr-3739	44	13	-	-	PUNCT
fsr-3739	44	14	value	value	NOUN
fsr-3739	44	15	hh	hh	ADJ
fsr-3739	44	16	bond	bond	NOUN
fsr-3739	44	17	.	.	PUNCT
fsr-3739	45	1	the	the	DET
fsr-3739	45	2	ee	ee	PROPN
fsr-3739	45	3	bonds	bond	NOUN
fsr-3739	45	4	are	be	AUX
fsr-3739	45	5	issued	issue	VERB
fsr-3739	45	6	at	at	ADP
fsr-3739	45	7	50	50	NUM
fsr-3739	45	8	%	%	NOUN
fsr-3739	45	9	of	of	ADP
fsr-3739	45	10	face	face	NOUN
fsr-3739	45	11	amount	amount	NOUN
fsr-3739	45	12	.	.	PUNCT
fsr-3739	46	1	they	they	PRON
fsr-3739	46	2	do	do	AUX
fsr-3739	46	3	not	not	PART
fsr-3739	46	4	pay	pay	VERB
fsr-3739	46	5	interest	interest	NOUN
fsr-3739	46	6	.	.	PUNCT
fsr-3739	47	1	instead	instead	ADV
fsr-3739	47	2	,	,	PUNCT
fsr-3739	47	3	the	the	DET
fsr-3739	47	4	minimum	minimum	ADJ
fsr-3739	47	5	redemption	redemption	NOUN
fsr-3739	47	6	value	value	NOUN
fsr-3739	47	7	grows	grow	VERB
fsr-3739	47	8	at	at	ADP
fsr-3739	47	9	a	a	DET
fsr-3739	47	10	4	4	NUM
fsr-3739	47	11	%	%	NOUN
fsr-3739	47	12	annual	annual	ADJ
fsr-3739	47	13	rate	rate	NOUN
fsr-3739	47	14	(	(	PUNCT
fsr-3739	47	15	compounded	compound	VERB
fsr-3739	47	16	monthly	monthly	ADV
fsr-3739	47	17	)	)	PUNCT
fsr-3739	47	18	.	.	PUNCT
fsr-3739	48	1	they	they	PRON
fsr-3739	48	2	must	must	AUX
fsr-3739	48	3	be	be	AUX
fsr-3739	48	4	held	hold	VERB
fsr-3739	48	5	for	for	ADP
fsr-3739	48	6	six	six	NUM
fsr-3739	48	7	months	month	NOUN
fsr-3739	48	8	before	before	SCONJ
fsr-3739	48	9	the	the	DET
fsr-3739	48	10	redemption	redemption	NOUN
fsr-3739	48	11	value	value	NOUN
fsr-3739	48	12	rises	rise	VERB
fsr-3739	48	13	,	,	PUNCT
fsr-3739	48	14	but	but	CCONJ
fsr-3739	48	15	it	it	PRON
fsr-3739	48	16	rises	rise	VERB
fsr-3739	48	17	monthly	monthly	ADV
fsr-3739	48	18	thereafter	thereafter	ADV
fsr-3739	48	19	at	at	ADP
fsr-3739	48	20	a	a	DET
fsr-3739	48	21	4	4	NUM
fsr-3739	48	22	%	%	NOUN
fsr-3739	48	23	annual	annual	ADJ
fsr-3739	48	24	rate	rate	NOUN
fsr-3739	48	25	.	.	PUNCT
fsr-3739	49	1	if	if	SCONJ
fsr-3739	49	2	redeemed	redeem	VERB
fsr-3739	49	3	at	at	ADP
fsr-3739	49	4	maturity	maturity	NOUN
fsr-3739	49	5	in	in	ADP
fsr-3739	49	6	18	18	NUM
fsr-3739	49	7	years	year	NOUN
fsr-3739	49	8	,	,	PUNCT
fsr-3739	49	9	they	they	PRON
fsr-3739	49	10	would	would	AUX
fsr-3739	49	11	be	be	AUX
fsr-3739	49	12	worth	worth	ADJ
fsr-3739	49	13	at	at	ADV
fsr-3739	49	14	least	least	ADV
fsr-3739	49	15	$	$	SYM
fsr-3739	49	16	1,026.00	1,026.00	NUM
fsr-3739	49	17	.	.	PUNCT
fsr-3739	50	1	if	if	SCONJ
fsr-3739	50	2	held	hold	VERB
fsr-3739	50	3	at	at	ADV
fsr-3739	50	4	least	least	ADV
fsr-3739	50	5	five	five	NUM
fsr-3739	50	6	years	year	NOUN
fsr-3739	50	7	,	,	PUNCT
fsr-3739	50	8	ee	ee	PROPN
fsr-3739	50	9	bonds	bond	NOUN
fsr-3739	50	10	pay	pay	VERB
fsr-3739	50	11	the	the	DET
fsr-3739	50	12	higher	high	ADJ
fsr-3739	50	13	of	of	ADP
fsr-3739	50	14	4	4	NUM
fsr-3739	50	15	%	%	NOUN
fsr-3739	50	16	or	or	CCONJ
fsr-3739	50	17	a	a	DET
fsr-3739	50	18	market	market	NOUN
fsr-3739	50	19	-	-	PUNCT
fsr-3739	50	20	based	base	VERB
fsr-3739	50	21	variable	variable	ADJ
fsr-3739	50	22	yield	yield	NOUN
fsr-3739	50	23	.	.	PUNCT
fsr-3739	51	1	the	the	DET
fsr-3739	51	2	variable	variable	ADJ
fsr-3739	51	3	yield	yield	NOUN
fsr-3739	51	4	equals	equal	VERB
fsr-3739	51	5	85	85	NUM
fsr-3739	51	6	%	%	NOUN
fsr-3739	51	7	of	of	ADP
fsr-3739	51	8	the	the	DET
fsr-3739	51	9	average	average	ADJ
fsr-3739	51	10	yield	yield	NOUN
fsr-3739	51	11	during	during	ADP
fsr-3739	51	12	the	the	DET
fsr-3739	51	13	holding	hold	VERB
fsr-3739	51	14	period	period	NOUN
fsr-3739	51	15	on	on	ADP
fsr-3739	51	16	live	live	ADJ
fsr-3739	51	17	-	-	PUNCT
fsr-3739	51	18	year	year	NOUN
fsr-3739	51	19	treasury	treasury	NOUN
fsr-3739	51	20	notes	note	NOUN
fsr-3739	51	21	.	.	PUNCT
fsr-3739	52	1	for	for	ADP
fsr-3739	52	2	example	example	NOUN
fsr-3739	52	3	,	,	PUNCT
fsr-3739	52	4	suppose	suppose	VERB
fsr-3739	52	5	an	an	DET
fsr-3739	52	6	investor	investor	NOUN
fsr-3739	52	7	buys	buy	VERB
fsr-3739	52	8	an	an	DET
fsr-3739	52	9	ee	ee	NOUN
fsr-3739	52	10	bond	bond	NOUN
fsr-3739	52	11	on	on	ADP
fsr-3739	52	12	march	march	PROPN
fsr-3739	52	13	1	1	NUM
fsr-3739	52	14	,	,	PUNCT
fsr-3739	52	15	1993	1993	NUM
fsr-3739	52	16	and	and	CCONJ
fsr-3739	52	17	redeems	redeem	VERB
fsr-3739	52	18	it	it	PRON
fsr-3739	52	19	after	after	ADP
fsr-3739	52	20	five	five	NUM
fsr-3739	52	21	years	year	NOUN
fsr-3739	52	22	.	.	PUNCT
fsr-3739	53	1	if	if	SCONJ
fsr-3739	53	2	the	the	DET
fsr-3739	53	3	average	average	ADJ
fsr-3739	53	4	five	five	NUM
fsr-3739	53	5	-	-	PUNCT
fsr-3739	53	6	year	year	NOUN
fsr-3739	53	7	yield	yield	NOUN
fsr-3739	53	8	(	(	PUNCT
fsr-3739	53	9	as	as	ADP
fsr-3739	53	10	of	of	ADP
fsr-3739	53	11	the	the	DET
fsr-3739	53	12	beginning	beginning	NOUN
fsr-3739	53	13	of	of	ADP
fsr-3739	53	14	each	each	DET
fsr-3739	53	15	six	six	NUM
fsr-3739	53	16	-	-	PUNCT
fsr-3739	53	17	month	month	NOUN
fsr-3739	53	18	period	period	NOUN
fsr-3739	53	19	)	)	PUNCT
fsr-3739	53	20	averages	average	VERB
fsr-3739	53	21	5	5	NUM
fsr-3739	53	22	%	%	NOUN
fsr-3739	53	23	,	,	PUNCT
fsr-3739	53	24	then	then	ADV
fsr-3739	53	25	the	the	DET
fsr-3739	53	26	investor	investor	NOUN
fsr-3739	53	27	will	will	AUX
fsr-3739	53	28	receive	receive	VERB
fsr-3739	53	29	4.25	4.25	NUM
fsr-3739	53	30	%	%	NOUN
fsr-3739	53	31	(	(	PUNCT
fsr-3739	53	32	5	5	NUM
fsr-3739	53	33	%	%	NOUN
fsr-3739	53	34	x	x	SYM
fsr-3739	53	35	.85	.85	NUM
fsr-3739	53	36	)	)	PUNCT
fsr-3739	53	37	instead	instead	ADV
fsr-3739	53	38	of	of	ADP
fsr-3739	53	39	the	the	DET
fsr-3739	53	40	4	4	NUM
fsr-3739	53	41	%	%	NOUN
fsr-3739	53	42	rate	rate	NOUN
fsr-3739	53	43	that	that	PRON
fsr-3739	53	44	is	be	AUX
fsr-3739	53	45	stated	state	VERB
fsr-3739	53	46	on	on	ADP
fsr-3739	53	47	the	the	DET
fsr-3739	53	48	bond	bond	NOUN
fsr-3739	53	49	.	.	PUNCT
fsr-3739	54	1	the	the	DET
fsr-3739	54	2	hh	hh	PROPN
fsr-3739	54	3	bond	bond	NOUN
fsr-3739	54	4	offers	offer	VERB
fsr-3739	54	5	a	a	DET
fsr-3739	54	6	4	4	NUM
fsr-3739	54	7	%	%	NOUN
fsr-3739	54	8	annual	annual	ADJ
fsr-3739	54	9	(	(	PUNCT
fsr-3739	54	10	2	2	NUM
fsr-3739	54	11	%	%	NOUN
fsr-3739	54	12	semiannual	semiannual	ADJ
fsr-3739	54	13	)	)	PUNCT
fsr-3739	54	14	coupon	coupon	NOUN
fsr-3739	54	15	interest	interest	NOUN
fsr-3739	54	16	payment	payment	NOUN
fsr-3739	54	17	.	.	PUNCT
fsr-3739	55	1	thus	thus	ADV
fsr-3739	55	2	,	,	PUNCT
fsr-3739	55	3	a	a	DET
fsr-3739	55	4	$	$	SYM
fsr-3739	55	5	1,000	1,000	NUM
fsr-3739	55	6	bond	bond	NOUN
fsr-3739	55	7	pays	pay	VERB
fsr-3739	55	8	$	$	SYM
fsr-3739	55	9	20	20	NUM
fsr-3739	55	10	interest	interest	NOUN
fsr-3739	55	11	every	every	DET
fsr-3739	55	12	six	six	NUM
fsr-3739	55	13	months	month	NOUN
fsr-3739	55	14	.	.	PUNCT
fsr-3739	56	1	it	it	PRON
fsr-3739	56	2	must	must	AUX
fsr-3739	56	3	be	be	AUX
fsr-3739	56	4	held	hold	VERB
fsr-3739	56	5	for	for	ADP
fsr-3739	56	6	the	the	DET
fsr-3739	56	7	full	full	ADJ
fsr-3739	56	8	six	six	NUM
fsr-3739	56	9	months	month	NOUN
fsr-3739	56	10	to	to	PART
fsr-3739	56	11	receive	receive	VERB
fsr-3739	56	12	the	the	DET
fsr-3739	56	13	$	$	SYM
fsr-3739	56	14	20	20	NUM
fsr-3739	56	15	coupon	coupon	NOUN
fsr-3739	56	16	interest	interest	NOUN
fsr-3739	56	17	.	.	PUNCT
fsr-3739	57	1	it	it	PRON
fsr-3739	57	2	can	can	AUX
fsr-3739	57	3	be	be	AUX
fsr-3739	57	4	redeemed	redeem	VERB
fsr-3739	57	5	at	at	ADP
fsr-3739	57	6	par	par	NOUN
fsr-3739	57	7	at	at	ADP
fsr-3739	57	8	any	any	DET
fsr-3739	57	9	time	time	NOUN
fsr-3739	57	10	.	.	PUNCT
fsr-3739	58	1	analysis	analysis	NOUN
fsr-3739	58	2	of	of	ADP
fsr-3739	58	3	u.s	u.s	PROPN
fsr-3739	58	4	.	.	PROPN
fsr-3739	58	5	savings	saving	NOUN
fsr-3739	58	6	bonds	bond	NOUN
fsr-3739	58	7	43	43	NUM
fsr-3739	58	8	table	table	NOUN
fsr-3739	58	9	1	1	NUM
fsr-3739	58	10	the	the	DET
fsr-3739	58	11	ee	ee	PROPN
fsr-3739	58	12	and	and	CCONJ
fsr-3739	58	13	hh	hh	PROPN
fsr-3739	58	14	savings	saving	NOUN
fsr-3739	58	15	bonds	bond	NOUN
fsr-3739	58	16	:	:	PUNCT
fsr-3739	58	17	beginning	begin	VERB
fsr-3739	58	18	march	march	PROPN
fsr-3739	58	19	1993	1993	NUM
fsr-3739	58	20	ee	ee	ADP
fsr-3739	58	21	minibus	minibus	ADJ
fsr-3739	58	22	redemption	redemption	NOUN
fsr-3739	58	23	values	value	NOUN
fsr-3739	58	24	*	*	PUNCT
fsr-3739	58	25	hh	hh	VERB
fsr-3739	58	26	cuupon	cuupon	ADV
fsr-3739	58	27	interest	interest	NOUN
fsr-3739	58	28	period	period	NOUN
fsr-3739	58	29	.4jier	.4jier	PUNCT
fsr-3739	59	1	issue	issue	NOUN
fsr-3739	59	2	date	date	NOUN
fsr-3739	59	3	(	(	PUNCT
fsr-3739	59	4	in	in	ADP
fsr-3739	59	5	do&z	do&z	PROPN
fsr-3739	59	6	-	-	PUNCT
fsr-3739	59	7	s	s	NOUN
fsr-3739	59	8	)	)	PUNCT
fsr-3739	59	9	(	(	PUNCT
fsr-3739	59	10	in	in	ADP
fsr-3739	59	11	dollars	dollar	NOUN
fsr-3739	59	12	)	)	PUNCT
fsr-3739	59	13	at	at	ADP
fsr-3739	59	14	issue	issue	NOUN
fsr-3739	59	15	500.00	500.00	NUM
fsr-3739	59	16	na	na	PART
fsr-3739	59	17	6	6	NUM
fsr-3739	59	18	months	month	NOUN
fsr-3739	59	19	7	7	NUM
fsr-3739	59	20	months	month	NOUN
fsr-3739	59	21	8	8	NUM
fsr-3739	59	22	months	month	NOUN
fsr-3739	59	23	9	9	NUM
fsr-3739	59	24	months	month	NOUN
fsr-3739	59	25	10	10	NUM
fsr-3739	59	26	months	month	NOUN
fsr-3739	59	27	11	11	NUM
fsr-3739	59	28	months	month	NOUN
fsr-3739	59	29	1	1	NUM
fsr-3739	59	30	.o	.o	NOUN
fsr-3739	59	31	year	year	NOUN
fsr-3739	59	32	1.5	1.5	NUM
fsr-3739	59	33	years	year	NOUN
fsr-3739	59	34	2.0	2.0	NUM
fsr-3739	59	35	years	year	NOUN
fsr-3739	59	36	2.5	2.5	NUM
fsr-3739	59	37	years	year	NOUN
fsr-3739	59	38	3.0	3.0	NUM
fsr-3739	59	39	years	year	NOUN
fsr-3739	59	40	3.5	3.5	NUM
fsr-3739	59	41	years	year	NOUN
fsr-3739	59	42	4.0	4.0	NUM
fsr-3739	59	43	years	year	NOUN
fsr-3739	59	44	4.5	4.5	NUM
fsr-3739	59	45	years	year	NOUN
fsr-3739	59	46	5.0	5.0	NUM
fsr-3739	59	47	years	year	NOUN
fsr-3739	59	48	18.0	18.0	NUM
fsr-3739	59	49	years	year	NOUN
fsr-3739	59	50	510.00	510.00	NUM
fsr-3739	59	51	512.00	512.00	NUM
fsr-3739	59	52	513.60	513.60	NUM
fsr-3739	59	53	515.20	515.20	NUM
fsr-3739	59	54	516.80	516.80	NUM
fsr-3739	59	55	518.80	518.80	NUM
fsr-3739	59	56	520.40	520.40	NUM
fsr-3739	59	57	530.80	530.80	NUM
fsr-3739	59	58	541.60	541.60	NUM
fsr-3739	59	59	552.50	552.50	NUM
fsr-3739	59	60	563.60	563.60	NUM
fsr-3739	59	61	575.00	575.00	NUM
fsr-3739	59	62	586.60	586.60	NUM
fsr-3739	59	63	598.40	598.40	NUM
fsr-3739	59	64	610.50	610.50	NUM
fsr-3739	59	65	1,026.oo	1,026.oo	NUM
fsr-3739	59	66	20	20	NUM
fsr-3739	59	67	0	0	NUM
fsr-3739	59	68	0	0	NUM
fsr-3739	59	69	0	0	NUM
fsr-3739	59	70	0	0	NUM
fsr-3739	59	71	0	0	NUM
fsr-3739	59	72	20	20	NUM
fsr-3739	59	73	20	20	NUM
fsr-3739	59	74	20	20	NUM
fsr-3739	59	75	20	20	NUM
fsr-3739	59	76	20	20	NUM
fsr-3739	59	77	20	20	NUM
fsr-3739	59	78	20	20	NUM
fsr-3739	59	79	20	20	NUM
fsr-3739	59	80	20	20	NUM
fsr-3739	59	81	20	20	NUM
fsr-3739	59	82	note	note	NOUN
fsr-3739	59	83	:	:	PUNCT
fsr-3739	59	84	*	*	PUNCT
fsr-3739	59	85	since	since	SCONJ
fsr-3739	59	86	march	march	PROPN
fsr-3739	59	87	1	1	NUM
fsr-3739	59	88	,	,	PUNCT
fsr-3739	59	89	1993	1993	NUM
fsr-3739	59	90	,	,	PUNCT
fsr-3739	59	91	funds	fund	NOUN
fsr-3739	59	92	invested	invest	VERB
fsr-3739	59	93	in	in	ADP
fsr-3739	59	94	ee	ee	PROPN
fsr-3739	59	95	savings	saving	NOUN
fsr-3739	59	96	bonds	bond	NOUN
fsr-3739	59	97	have	have	AUX
fsr-3739	59	98	offered	offer	VERB
fsr-3739	59	99	a	a	DET
fsr-3739	59	100	minimum	minimum	ADJ
fsr-3739	59	101	return	return	NOUN
fsr-3739	59	102	of	of	ADP
fsr-3739	59	103	4	4	NUM
fsr-3739	59	104	%	%	NOUN
fsr-3739	59	105	(	(	PUNCT
fsr-3739	59	106	compounded	compound	VERB
fsr-3739	59	107	monthly	monthly	ADV
fsr-3739	59	108	)	)	PUNCT
fsr-3739	59	109	for	for	ADP
fsr-3739	59	110	up	up	ADP
fsr-3739	59	111	to	to	PART
fsr-3739	59	112	18	18	NUM
fsr-3739	59	113	years	year	NOUN
fsr-3739	59	114	.	.	PUNCT
fsr-3739	60	1	the	the	DET
fsr-3739	60	2	bonds	bond	NOUN
fsr-3739	60	3	come	come	VERB
fsr-3739	60	4	in	in	ADP
fsr-3739	60	5	minimumdeno	minimumdeno	NOUN
fsr-3739	60	6	~	~	PUNCT
fsr-3739	60	7	mtions	mtion	NOUN
fsr-3739	60	8	of	of	ADP
fsr-3739	60	9	$	$	SYM
fsr-3739	60	10	50	50	NUM
fsr-3739	60	11	face	face	NOUN
fsr-3739	60	12	value	value	NOUN
fsr-3739	60	13	(	(	PUNCT
fsr-3739	60	14	$	$	SYM
fsr-3739	60	15	25	25	NUM
fsr-3739	60	16	issue	issue	NOUN
fsr-3739	60	17	value	value	NOUN
fsr-3739	60	18	)	)	PUNCT
fsr-3739	60	19	.	.	PUNCT
fsr-3739	61	1	ee	ee	PROPN
fsr-3739	61	2	bonds	bond	NOUN
fsr-3739	61	3	must	must	AUX
fsr-3739	61	4	be	be	AUX
fsr-3739	61	5	held	hold	VERB
fsr-3739	61	6	six	six	NUM
fsr-3739	61	7	months	month	NOUN
fsr-3739	61	8	before	before	ADP
fsr-3739	61	9	the	the	DET
fsr-3739	61	10	re	re	NOUN
fsr-3739	61	11	~	~	NOUN
fsr-3739	61	12	mption	mption	NOUN
fsr-3739	61	13	value	value	NOUN
fsr-3739	61	14	rises	rise	NOUN
fsr-3739	61	15	,	,	PUNCT
fsr-3739	61	16	but	but	CCONJ
fsr-3739	61	17	it	it	PRON
fsr-3739	61	18	rises	rise	VERB
fsr-3739	61	19	monthly	monthly	ADV
fsr-3739	61	20	after	after	ADP
fsr-3739	61	21	six	six	NUM
fsr-3739	61	22	months	month	NOUN
fsr-3739	61	23	at	at	ADP
fsr-3739	61	24	a	a	DET
fsr-3739	61	25	4	4	NUM
fsr-3739	61	26	%	%	NOUN
fsr-3739	61	27	annual	annual	ADJ
fsr-3739	61	28	rate	rate	NOUN
fsr-3739	61	29	(	(	PUNCT
fsr-3739	61	30	compounded	compound	VERB
fsr-3739	61	31	monthly	monthly	ADV
fsr-3739	61	32	)	)	PUNCT
fsr-3739	61	33	.	.	PUNCT
fsr-3739	62	1	the	the	DET
fsr-3739	62	2	table	table	NOUN
fsr-3739	62	3	shows	show	VERB
fsr-3739	62	4	all	all	DET
fsr-3739	62	5	redemption	redemption	NOUN
fsr-3739	62	6	values	value	NOUN
fsr-3739	62	7	through	through	ADP
fsr-3739	62	8	one	one	NUM
fsr-3739	62	9	year	year	NOUN
fsr-3739	62	10	but	but	CCONJ
fsr-3739	62	11	only	only	ADV
fsr-3739	62	12	selective	selective	ADJ
fsr-3739	62	13	redemption	redemption	NOUN
fsr-3739	62	14	values	value	NOUN
fsr-3739	62	15	thereafter	thereafter	ADV
fsr-3739	62	16	.	.	PUNCT
fsr-3739	63	1	an	an	DET
fsr-3739	63	2	investor	investor	NOUN
fsr-3739	63	3	must	must	AUX
fsr-3739	63	4	hold	hold	VERB
fsr-3739	63	5	the	the	DET
fsr-3739	63	6	hh	hh	ADJ
fsr-3739	63	7	bond	bond	NOUN
fsr-3739	63	8	for	for	ADP
fsr-3739	63	9	the	the	DET
fsr-3739	63	10	full	full	ADJ
fsr-3739	63	11	six	six	NUM
fsr-3739	63	12	months	month	NOUN
fsr-3739	63	13	toreceive	toreceive	VERB
fsr-3739	63	14	the	the	DET
fsr-3739	63	15	$	$	SYM
fsr-3739	63	16	20	20	NUM
fsr-3739	63	17	interest	interest	NOUN
fsr-3739	63	18	.	.	PUNCT
fsr-3739	64	1	each	each	DET
fsr-3739	64	2	r	r	NOUN
fsr-3739	64	3	~	~	SYM
fsr-3739	64	4	emption	emption	NOUN
fsr-3739	64	5	value	value	NOUN
fsr-3739	64	6	for	for	ADP
fsr-3739	64	7	ee	ee	PROPN
fsr-3739	64	8	and	and	CCONJ
fsr-3739	64	9	hh	hh	PROPN
fsr-3739	64	10	bonds	bond	NOUN
fsr-3739	64	11	represents	represent	VERB
fsr-3739	64	12	a	a	DET
fsr-3739	64	13	put	put	NOUN
fsr-3739	64	14	option	option	NOUN
fsr-3739	64	15	on	on	ADP
fsr-3739	64	16	the	the	DET
fsr-3739	64	17	bond	bond	NOUN
fsr-3739	64	18	’s	’s	PART
fsr-3739	64	19	price	price	NOUN
fsr-3739	64	20	.	.	PUNCT
fsr-3739	65	1	for	for	ADP
fsr-3739	65	2	example	example	NOUN
fsr-3739	65	3	,	,	PUNCT
fsr-3739	65	4	the	the	DET
fsr-3739	65	5	investor	investor	NOUN
fsr-3739	65	6	can	can	AUX
fsr-3739	65	7	choose	choose	VERB
fsr-3739	65	8	to	to	PART
fsr-3739	65	9	redeem	redeem	VERB
fsr-3739	65	10	the	the	DET
fsr-3739	65	11	ee	ee	PROPN
fsr-3739	65	12	bond	bond	NOUN
fsr-3739	65	13	for	for	ADP
fsr-3739	65	14	$	$	SYM
fsr-3739	65	15	5	5	NUM
fsr-3739	65	16	io	io	NOUN
fsr-3739	65	17	in	in	ADP
fsr-3739	65	18	six	six	NUM
fsr-3739	65	19	months	month	NOUN
fsr-3739	65	20	(	(	PUNCT
fsr-3739	65	21	that	that	PRON
fsr-3739	65	22	is	is	ADV
fsr-3739	65	23	,	,	PUNCT
fsr-3739	65	24	exercise	exercise	VERB
fsr-3739	65	25	the	the	DET
fsr-3739	65	26	put	put	NOUN
fsr-3739	65	27	option	option	NOUN
fsr-3739	65	28	at	at	ADP
fsr-3739	65	29	$	$	SYM
fsr-3739	65	30	5	5	NUM
fsr-3739	65	31	lo	lo	PROPN
fsr-3739	65	32	)	)	PUNCT
fsr-3739	65	33	,	,	PUNCT
fsr-3739	65	34	or	or	CCONJ
fsr-3739	65	35	redeem	redeem	VERB
fsr-3739	65	36	it	it	PRON
fsr-3739	65	37	at	at	ADP
fsr-3739	65	38	$	$	SYM
fsr-3739	65	39	512	512	NUM
fsr-3739	65	40	in	in	ADP
fsr-3739	65	41	seven	seven	NUM
fsr-3739	65	42	months	month	NOUN
fsr-3739	65	43	,	,	PUNCT
fsr-3739	65	44	and	and	CCONJ
fsr-3739	65	45	so	so	ADV
fsr-3739	65	46	on	on	ADV
fsr-3739	65	47	.	.	PUNCT
fsr-3739	66	1	the	the	DET
fsr-3739	66	2	hh	hh	PROPN
fsr-3739	66	3	bond	bond	NOUN
fsr-3739	66	4	contains	contain	VERB
fsr-3739	66	5	an	an	DET
fsr-3739	66	6	american	american	ADJ
fsr-3739	66	7	put	put	NOUN
fsr-3739	66	8	option	option	NOUN
fsr-3739	66	9	with	with	ADP
fsr-3739	66	10	an	an	DET
fsr-3739	66	11	exercise	exercise	NOUN
fsr-3739	66	12	price	price	NOUN
fsr-3739	66	13	of	of	ADP
fsr-3739	66	14	par	par	NOUN
fsr-3739	66	15	.	.	PUNCT
fsr-3739	67	1	the	the	DET
fsr-3739	67	2	next	next	ADJ
fsr-3739	67	3	two	two	NUM
fsr-3739	67	4	sections	section	NOUN
fsr-3739	67	5	analyze	analyze	VERB
fsr-3739	67	6	these	these	DET
fsr-3739	67	7	put	put	VERB
fsr-3739	67	8	options	option	NOUN
fsr-3739	67	9	in	in	ADP
fsr-3739	67	10	depth	depth	NOUN
fsr-3739	67	11	.	.	PUNCT
fsr-3739	68	1	table	table	NOUN
fsr-3739	68	2	2	2	NUM
fsr-3739	68	3	gives	give	VERB
fsr-3739	68	4	other	other	ADJ
fsr-3739	68	5	details	detail	NOUN
fsr-3739	68	6	of	of	ADP
fsr-3739	68	7	the	the	DET
fsr-3739	68	8	ee	ee	PROPN
fsr-3739	68	9	and	and	CCONJ
fsr-3739	68	10	hh	hh	PROPN
fsr-3739	68	11	bonds	bond	NOUN
fsr-3739	68	12	.	.	PUNCT
fsr-3739	69	1	the	the	DET
fsr-3739	69	2	~nimum	~nimum	NUM
fsr-3739	69	3	face	face	NOUN
fsr-3739	69	4	value	value	NOUN
fsr-3739	69	5	of	of	ADP
fsr-3739	69	6	ee	ee	PROPN
fsr-3739	69	7	and	and	CCONJ
fsr-3739	69	8	hh	hh	PROPN
fsr-3739	69	9	bonds	bond	NOUN
fsr-3739	69	10	are	be	AUX
fsr-3739	69	11	$	$	SYM
fsr-3739	69	12	50	50	NUM
fsr-3739	69	13	and	and	CCONJ
fsr-3739	69	14	$	$	SYM
fsr-3739	69	15	500	500	NUM
fsr-3739	69	16	,	,	PUNCT
fsr-3739	69	17	respectively	respectively	ADV
fsr-3739	69	18	.	.	PUNCT
fsr-3739	70	1	neither	neither	DET
fsr-3739	70	2	bond	bond	NOUN
fsr-3739	70	3	can	can	AUX
fsr-3739	70	4	be	be	AUX
fsr-3739	70	5	transferred	transfer	VERB
fsr-3739	70	6	and	and	CCONJ
fsr-3739	70	7	,	,	PUNCT
fsr-3739	70	8	therefore	therefore	ADV
fsr-3739	70	9	,	,	PUNCT
fsr-3739	70	10	they	they	PRON
fsr-3739	70	11	can	can	AUX
fsr-3739	70	12	not	not	PART
fsr-3739	70	13	be	be	AUX
fsr-3739	70	14	used	use	VERB
fsr-3739	70	15	as	as	ADP
fsr-3739	70	16	collateral	collateral	NOUN
fsr-3739	70	17	.	.	PUNCT
fsr-3739	71	1	thus	thus	ADV
fsr-3739	71	2	,	,	PUNCT
fsr-3739	71	3	there	there	PRON
fsr-3739	71	4	exists	exist	VERB
fsr-3739	71	5	no	no	DET
fsr-3739	71	6	secondary	secondary	ADJ
fsr-3739	71	7	market	market	NOUN
fsr-3739	71	8	for	for	ADP
fsr-3739	71	9	the	the	DET
fsr-3739	71	10	bonds	bond	NOUN
fsr-3739	71	11	.	.	PUNCT
fsr-3739	72	1	each	each	DET
fsr-3739	72	2	year	year	NOUN
fsr-3739	72	3	,	,	PUNCT
fsr-3739	72	4	each	each	DET
fsr-3739	72	5	investor	investor	NOUN
fsr-3739	72	6	can	can	AUX
fsr-3739	72	7	purchase	purchase	VERB
fsr-3739	72	8	up	up	ADP
fsr-3739	72	9	to	to	PART
fsr-3739	72	10	$	$	SYM
fsr-3739	72	11	15,000	15,000	NUM
fsr-3739	72	12	issue	issue	NOUN
fsr-3739	72	13	price	price	NOUN
fsr-3739	72	14	(	(	PUNCT
fsr-3739	72	15	$	$	SYM
fsr-3739	72	16	30,000	30,000	NUM
fsr-3739	72	17	par	par	NOUN
fsr-3739	72	18	value	value	NOUN
fsr-3739	72	19	)	)	PUNCT
fsr-3739	72	20	of	of	ADP
fsr-3739	72	21	ee	ee	PROPN
fsr-3739	72	22	bonds	bond	NOUN
fsr-3739	72	23	.	.	PUNCT
fsr-3739	73	1	hh	hh	PROPN
fsr-3739	73	2	bonds	bond	NOUN
fsr-3739	73	3	can	can	AUX
fsr-3739	73	4	not	not	PART
fsr-3739	73	5	be	be	AUX
fsr-3739	73	6	directly	directly	ADV
fsr-3739	73	7	purchased	purchase	VERB
fsr-3739	73	8	.	.	PUNCT
fsr-3739	74	1	rather	rather	ADV
fsr-3739	74	2	,	,	PUNCT
fsr-3739	74	3	beginning	begin	VERB
fsr-3739	74	4	six	six	NUM
fsr-3739	74	5	months	month	NOUN
fsr-3739	74	6	after	after	ADP
fsr-3739	74	7	issue	issue	NOUN
fsr-3739	74	8	,	,	PUNCT
fsr-3739	74	9	ee	ee	PROPN
fsr-3739	74	10	bonds	bond	NOUN
fsr-3739	74	11	can	can	AUX
fsr-3739	74	12	be	be	AUX
fsr-3739	74	13	exchanged	exchange	VERB
fsr-3739	74	14	for	for	ADP
fsr-3739	74	15	hh	hh	ADJ
fsr-3739	74	16	bonds	bond	NOUN
fsr-3739	74	17	.	.	PUNCT
fsr-3739	75	1	savings	saving	NOUN
fsr-3739	75	2	bonds	bond	NOUN
fsr-3739	75	3	also	also	ADV
fsr-3739	75	4	offer	offer	VERB
fsr-3739	75	5	implant	implant	ADJ
fsr-3739	75	6	tax	tax	NOUN
fsr-3739	75	7	advantages	advantage	NOUN
fsr-3739	75	8	.	.	PUNCT
fsr-3739	76	1	interest	interest	NOUN
fsr-3739	76	2	on	on	ADP
fsr-3739	76	3	u.s	u.s	PROPN
fsr-3739	76	4	.	.	PROPN
fsr-3739	76	5	savings	saving	NOUN
fsr-3739	76	6	bonds	bond	NOUN
fsr-3739	76	7	is	be	AUX
fsr-3739	76	8	exempt	exempt	ADJ
fsr-3739	76	9	from	from	ADP
fsr-3739	76	10	state	state	NOUN
fsr-3739	76	11	and	and	CCONJ
fsr-3739	76	12	local	local	ADJ
fsr-3739	76	13	taxes	taxis	NOUN
fsr-3739	76	14	.	.	PUNCT
fsr-3739	77	1	federal	federal	ADJ
fsr-3739	77	2	taxes	taxis	NOUN
fsr-3739	77	3	must	must	AUX
fsr-3739	77	4	be	be	AUX
fsr-3739	77	5	paid	pay	VERB
fsr-3739	77	6	on	on	ADP
fsr-3739	77	7	the	the	DET
fsr-3739	77	8	coupon	coupon	NOUN
fsr-3739	77	9	interest	interest	NOUN
fsr-3739	77	10	on	on	ADP
fsr-3739	77	11	hh	hh	ADJ
fsr-3739	77	12	bonds	bond	NOUN
fsr-3739	77	13	in	in	ADP
fsr-3739	77	14	the	the	DET
fsr-3739	77	15	year	year	NOUN
fsr-3739	77	16	in	in	ADP
fsr-3739	77	17	which	which	PRON
fsr-3739	77	18	it	it	PRON
fsr-3739	77	19	is	be	AUX
fsr-3739	77	20	paid	pay	VERB
fsr-3739	77	21	.	.	PUNCT
fsr-3739	78	1	in	in	ADP
fsr-3739	78	2	contrast	contrast	NOUN
fsr-3739	78	3	,	,	PUNCT
fsr-3739	78	4	the	the	DET
fsr-3739	78	5	ee	ee	PROPN
fsr-3739	78	6	bonds	bond	NOUN
fsr-3739	78	7	offer	offer	VERB
fsr-3739	78	8	several	several	ADJ
fsr-3739	78	9	tax	tax	NOUN
fsr-3739	78	10	options	option	NOUN
fsr-3739	78	11	.	.	PUNCT
fsr-3739	79	1	table	table	NOUN
fsr-3739	79	2	3	3	NUM
fsr-3739	79	3	summarizes	summarize	NOUN
fsr-3739	79	4	these	these	DET
fsr-3739	79	5	choices	choice	NOUN
fsr-3739	79	6	.	.	PUNCT
fsr-3739	80	1	the	the	DET
fsr-3739	80	2	investor	investor	NOUN
fsr-3739	80	3	may	may	AUX
fsr-3739	80	4	choose	choose	VERB
fsr-3739	80	5	to	to	PART
fsr-3739	80	6	defer	defer	VERB
fsr-3739	80	7	taxes	taxis	NOUN
fsr-3739	80	8	until	until	SCONJ
fsr-3739	80	9	the	the	DET
fsr-3739	80	10	bond	bond	NOUN
fsr-3739	80	11	is	be	AUX
fsr-3739	80	12	redeemed	redeem	VERB
fsr-3739	80	13	or	or	CCONJ
fsr-3739	80	14	matures	mature	NOUN
fsr-3739	80	15	(	(	PUNCT
fsr-3739	80	16	method	method	NOUN
fsr-3739	80	17	1	1	NUM
fsr-3739	80	18	)	)	PUNCT
fsr-3739	80	19	or	or	CCONJ
fsr-3739	80	20	pay	pay	VERB
fsr-3739	80	21	taxes	taxis	NOUN
fsr-3739	80	22	on	on	ADP
fsr-3739	80	23	the	the	DET
fsr-3739	80	24	increase	increase	NOUN
fsr-3739	80	25	in	in	ADP
fsr-3739	80	26	redemption	redemption	NOUN
fsr-3739	80	27	value	value	NOUN
fsr-3739	80	28	as	as	ADP
fsr-3739	80	29	interest	interest	NOUN
fsr-3739	80	30	each	each	DET
fsr-3739	80	31	year	year	NOUN
fsr-3739	80	32	(	(	PUNCT
fsr-3739	80	33	method	method	NOUN
fsr-3739	80	34	2	2	NUM
fsr-3739	80	35	)	)	PUNCT
fsr-3739	80	36	.	.	PUNCT
fsr-3739	81	1	furthe	furthe	NOUN
fsr-3739	81	2	~	~	SYM
fsr-3739	81	3	ore	ore	NOUN
fsr-3739	81	4	,	,	PUNCT
fsr-3739	81	5	the	the	DET
fsr-3739	81	6	investor	investor	NOUN
fsr-3739	81	7	may	may	AUX
fsr-3739	81	8	change	change	VERB
fsr-3739	81	9	from	from	ADP
fsr-3739	81	10	method	method	NOUN
fsr-3739	81	11	1	1	NUM
fsr-3739	81	12	to	to	PART
fsr-3739	81	13	method	method	VERB
fsr-3739	81	14	2	2	NUM
fsr-3739	81	15	and	and	CCONJ
fsr-3739	81	16	pay	pay	VERB
fsr-3739	81	17	taxes	taxis	NOUN
fsr-3739	81	18	on	on	ADP
fsr-3739	81	19	all	all	DET
fsr-3739	81	20	interest	interest	NOUN
fsr-3739	81	21	accrued	accrue	VERB
fsr-3739	81	22	to	to	ADP
fsr-3739	81	23	date	date	NOUN
fsr-3739	81	24	.	.	PUNCT
fsr-3739	82	1	after	after	ADP
fsr-3739	82	2	filling	fill	VERB
fsr-3739	82	3	out	out	ADP
fsr-3739	82	4	irs	irs	PROPN
fsr-3739	82	5	form	form	NOUN
fsr-3739	82	6	3115	3115	NUM
fsr-3739	82	7	,	,	PUNCT
fsr-3739	82	8	the	the	DET
fsr-3739	82	9	investor	investor	NOUN
fsr-3739	82	10	can	can	AUX
fsr-3739	82	11	also	also	ADV
fsr-3739	82	12	switch	switch	VERB
fsr-3739	82	13	from	from	ADP
fsr-3739	82	14	method	method	NOUN
fsr-3739	82	15	2	2	NUM
fsr-3739	82	16	to	to	PART
fsr-3739	82	17	method	method	VERB
fsr-3739	82	18	1	1	NUM
fsr-3739	82	19	.	.	PUNCT
fsr-3739	83	1	most	most	ADJ
fsr-3739	83	2	investors	investor	NOUN
fsr-3739	83	3	choose	choose	VERB
fsr-3739	83	4	to	to	PART
fsr-3739	83	5	defer	defer	VERB
fsr-3739	83	6	taxes	taxis	NOUN
fsr-3739	83	7	.	.	PUNCT
fsr-3739	84	1	the	the	DET
fsr-3739	84	2	tax	tax	NOUN
fsr-3739	84	3	treatment	treatment	NOUN
fsr-3739	84	4	of	of	ADP
fsr-3739	84	5	the	the	DET
fsr-3739	84	6	realized	realize	VERB
fsr-3739	84	7	interest	interest	NOUN
fsr-3739	84	8	can	can	AUX
fsr-3739	84	9	take	take	VERB
fsr-3739	84	10	one	one	NUM
fsr-3739	84	11	of	of	ADP
fsr-3739	84	12	three	three	NUM
fsr-3739	84	13	forms	form	NOUN
fsr-3739	84	14	.	.	PUNCT
fsr-3739	85	1	44	44	NUM
fsr-3739	85	2	financial	financial	ADJ
fsr-3739	85	3	services	service	NOUN
fsr-3739	85	4	review	review	NOUN
fsr-3739	85	5	table	table	NOUN
fsr-3739	85	6	2	2	NUM
fsr-3739	85	7	terms	term	NOUN
fsr-3739	85	8	and	and	CCONJ
fsr-3739	85	9	conditions	condition	NOUN
fsr-3739	85	10	of	of	ADP
fsr-3739	85	11	ee	ee	NOUN
fsr-3739	85	12	and	and	CCONJ
fsr-3739	85	13	hh	hh	PROPN
fsr-3739	85	14	savings	saving	NOUN
fsr-3739	85	15	bonds	bond	NOUN
fsr-3739	85	16	issued	issue	VERB
fsr-3739	85	17	after	after	ADP
fsr-3739	85	18	march	march	PROPN
fsr-3739	85	19	1	1	NUM
fsr-3739	85	20	4(l	4(l	NUM
fsr-3739	85	21	)	)	PUNCT
fsr-3739	85	22	1995	1995	NUM
fsr-3739	85	23	,	,	PUNCT
fsr-3739	85	24	1993	1993	NUM
fsr-3739	85	25	ee	ee	PROPN
fsr-3739	85	26	bonds	bond	NOUN
fsr-3739	85	27	hh	hh	VERB
fsr-3739	85	28	bonds	bond	NOUN
fsr-3739	85	29	minimum	minimum	ADJ
fsr-3739	85	30	denomination	denomination	NOUN
fsr-3739	85	31	$	$	SYM
fsr-3739	85	32	50	50	NUM
fsr-3739	85	33	par	par	NOUN
fsr-3739	85	34	value	value	VERB
fsr-3739	85	35	$	$	SYM
fsr-3739	85	36	500	500	NUM
fsr-3739	85	37	par	par	NOUN
fsr-3739	85	38	value	value	NOUN
fsr-3739	85	39	issue	issue	NOUN
fsr-3739	85	40	price	price	NOUN
fsr-3739	85	41	50	50	NUM
fsr-3739	85	42	%	%	NOUN
fsr-3739	85	43	of	of	ADP
fsr-3739	85	44	par	par	NOUN
fsr-3739	85	45	value	value	NOUN
fsr-3739	85	46	par	par	NOUN
fsr-3739	85	47	value	value	NOUN
fsr-3739	85	48	transferability	transferability	NOUN
fsr-3739	85	49	not	not	PART
fsr-3739	85	50	eligible	eligible	ADJ
fsr-3739	85	51	for	for	ADP
fsr-3739	85	52	transfer	transfer	NOUN
fsr-3739	85	53	same	same	ADJ
fsr-3739	85	54	no	no	DET
fsr-3739	85	55	secondary	secondary	ADJ
fsr-3739	85	56	market	market	NOUN
fsr-3739	85	57	not	not	PART
fsr-3739	85	58	eligible	eligible	ADJ
fsr-3739	85	59	for	for	ADP
fsr-3739	85	60	collateral	collateral	ADJ
fsr-3739	85	61	interest	interest	NOUN
fsr-3739	85	62	rate	rate	NOUN
fsr-3739	85	63	tax	tax	NOUN
fsr-3739	85	64	status	status	NOUN
fsr-3739	85	65	the	the	DET
fsr-3739	85	66	larger	large	ADJ
fsr-3739	85	67	of	of	ADP
fsr-3739	85	68	4	4	NUM
fsr-3739	85	69	%	%	NOUN
fsr-3739	85	70	or	or	CCONJ
fsr-3739	85	71	a	a	DET
fsr-3739	85	72	market	market	NOUN
fsr-3739	85	73	-	-	PUNCT
fsr-3739	85	74	based	base	VERB
fsr-3739	85	75	variable	variable	ADJ
fsr-3739	85	76	rate	rate	NOUN
fsr-3739	85	77	.	.	PUNCT
fsr-3739	86	1	the	the	DET
fsr-3739	86	2	latter	latter	ADJ
fsr-3739	86	3	4	4	NUM
fsr-3739	86	4	%	%	NOUN
fsr-3739	86	5	denotes	denote	NOUN
fsr-3739	86	6	85	85	NUM
fsr-3739	86	7	%	%	NOUN
fsr-3739	86	8	of	of	ADP
fsr-3739	86	9	the	the	DET
fsr-3739	86	10	average	average	ADJ
fsr-3739	86	11	yield	yield	NOUN
fsr-3739	86	12	on	on	ADP
fsr-3739	86	13	five	five	NUM
fsr-3739	86	14	-	-	PUNCT
fsr-3739	86	15	year	year	NOUN
fsr-3739	86	16	treasury	treasury	NOUN
fsr-3739	86	17	notes	note	NOUN
fsr-3739	86	18	.	.	PUNCT
fsr-3739	87	1	interest	interest	NOUN
fsr-3739	87	2	can	can	AUX
fsr-3739	87	3	be	be	AUX
fsr-3739	87	4	:	:	PUNCT
fsr-3739	87	5	(	(	PUNCT
fsr-3739	87	6	1	1	X
fsr-3739	87	7	)	)	PUNCT
fsr-3739	87	8	reported	report	VERB
fsr-3739	87	9	as	as	SCONJ
fsr-3739	87	10	it	it	PRON
fsr-3739	87	11	accrues	accrue	VERB
fsr-3739	87	12	or	or	CCONJ
fsr-3739	87	13	(	(	PUNCT
fsr-3739	87	14	2	2	NUM
fsr-3739	87	15	)	)	PUNCT
fsr-3739	87	16	tax	tax	NOUN
fsr-3739	87	17	deferred	defer	VERB
fsr-3739	87	18	interest	interest	NOUN
fsr-3739	87	19	paid	pay	VERB
fsr-3739	87	20	every	every	DET
fsr-3739	87	21	six	six	NUM
fsr-3739	87	22	until	until	SCONJ
fsr-3739	87	23	the	the	DET
fsr-3739	87	24	bond	bond	NOUN
fsr-3739	87	25	is	be	AUX
fsr-3739	87	26	redeemed	redeem	VERB
fsr-3739	87	27	,	,	PUNCT
fsr-3739	87	28	exchanged	exchange	VERB
fsr-3739	87	29	,	,	PUNCT
fsr-3739	87	30	or	or	CCONJ
fsr-3739	87	31	matures	mature	NOUN
fsr-3739	87	32	,	,	PUNCT
fsr-3739	87	33	at	at	ADP
fsr-3739	87	34	months	month	NOUN
fsr-3739	87	35	.	.	PUNCT
fsr-3739	88	1	taxable	taxable	ADJ
fsr-3739	88	2	which	which	DET
fsr-3739	88	3	time	time	NOUN
fsr-3739	88	4	the	the	DET
fsr-3739	88	5	accumulated	accumulate	VERB
fsr-3739	88	6	interest	interest	NOUN
fsr-3739	88	7	may	may	AUX
fsr-3739	88	8	be	be	AUX
fsr-3739	88	9	(	(	PUNCT
fsr-3739	88	10	a	a	PRON
fsr-3739	88	11	)	)	PUNCT
fsr-3739	88	12	taxed	tax	VERB
fsr-3739	88	13	,	,	PUNCT
fsr-3739	88	14	in	in	ADP
fsr-3739	88	15	year	year	NOUN
fsr-3739	88	16	paid	pay	VERB
fsr-3739	88	17	.	.	PUNCT
fsr-3739	89	1	(	(	PUNCT
fsr-3739	89	2	b	b	X
fsr-3739	89	3	)	)	PUNCT
fsr-3739	89	4	tax	tax	NOUN
fsr-3739	89	5	deferred	defer	VERB
fsr-3739	89	6	yet	yet	ADV
fsr-3739	89	7	again	again	ADV
fsr-3739	89	8	,	,	PUNCT
fsr-3739	89	9	or	or	CCONJ
fsr-3739	89	10	(	(	PUNCT
fsr-3739	89	11	c	c	X
fsr-3739	89	12	)	)	PUNCT
fsr-3739	89	13	partially	partially	ADV
fsr-3739	89	14	or	or	CCONJ
fsr-3739	89	15	fully	fully	ADV
fsr-3739	89	16	tax	tax	NOUN
fsr-3739	89	17	exempt	exempt	ADJ
fsr-3739	89	18	.	.	PUNCT
fsr-3739	90	1	original	original	ADJ
fsr-3739	90	2	maturity	maturity	NOUN
fsr-3739	90	3	18	18	NUM
fsr-3739	90	4	years	year	NOUN
fsr-3739	90	5	10	10	NUM
fsr-3739	90	6	years	year	NOUN
fsr-3739	90	7	final	final	ADJ
fsr-3739	90	8	maturity	maturity	NOUN
fsr-3739	90	9	30	30	NUM
fsr-3739	90	10	years	year	NOUN
fsr-3739	90	11	20	20	NUM
fsr-3739	90	12	years	year	NOUN
fsr-3739	90	13	it	it	PRON
fsr-3739	90	14	may	may	AUX
fsr-3739	90	15	be	be	AUX
fsr-3739	90	16	taxable	taxable	ADJ
fsr-3739	90	17	in	in	ADP
fsr-3739	90	18	the	the	DET
fsr-3739	90	19	year	year	NOUN
fsr-3739	90	20	of	of	ADP
fsr-3739	90	21	redemption	redemption	NOUN
fsr-3739	90	22	or	or	CCONJ
fsr-3739	90	23	at	at	ADP
fsr-3739	90	24	maturity	maturity	NOUN
fsr-3739	90	25	.	.	PUNCT
fsr-3739	91	1	the	the	DET
fsr-3739	91	2	redemption	redemption	NOUN
fsr-3739	91	3	value	value	NOUN
fsr-3739	91	4	can	can	AUX
fsr-3739	91	5	be	be	AUX
fsr-3739	91	6	rolled	roll	VERB
fsr-3739	91	7	into	into	ADP
fsr-3739	91	8	hh	hh	ADJ
fsr-3739	91	9	bonds	bond	NOUN
fsr-3739	91	10	,	,	PUNCT
fsr-3739	91	11	in	in	ADP
fsr-3739	91	12	which	which	DET
fsr-3739	91	13	case	case	NOUN
fsr-3739	91	14	the	the	DET
fsr-3739	91	15	interest	interest	NOUN
fsr-3739	91	16	continues	continue	VERB
fsr-3739	91	17	to	to	PART
fsr-3739	91	18	be	be	AUX
fsr-3739	91	19	tax	tax	NOUN
fsr-3739	91	20	deferred	defer	VERB
fsr-3739	91	21	.	.	PUNCT
fsr-3739	92	1	for	for	ADP
fsr-3739	92	2	example	example	NOUN
fsr-3739	92	3	,	,	PUNCT
fsr-3739	92	4	someone	someone	PRON
fsr-3739	92	5	invests	invest	VERB
fsr-3739	92	6	$	$	SYM
fsr-3739	92	7	5,000	5,000	NUM
fsr-3739	92	8	(	(	PUNCT
fsr-3739	92	9	$	$	SYM
fsr-3739	92	10	10,000	10,000	NUM
fsr-3739	92	11	face	face	NOUN
fsr-3739	92	12	value	value	NOUN
fsr-3739	92	13	)	)	PUNCT
fsr-3739	92	14	in	in	ADP
fsr-3739	92	15	ee	ee	PROPN
fsr-3739	92	16	bonds	bond	NOUN
fsr-3739	92	17	.	.	PUNCT
fsr-3739	93	1	in	in	ADP
fsr-3739	93	2	four	four	NUM
fsr-3739	93	3	years	year	NOUN
fsr-3739	93	4	,	,	PUNCT
fsr-3739	93	5	they	they	PRON
fsr-3739	93	6	are	be	AUX
fsr-3739	93	7	worth	worth	ADJ
fsr-3739	93	8	$	$	SYM
fsr-3739	93	9	5,866	5,866	NUM
fsr-3739	93	10	.	.	PUNCT
fsr-3739	94	1	the	the	DET
fsr-3739	94	2	investor	investor	NOUN
fsr-3739	94	3	could	could	AUX
fsr-3739	94	4	exchange	exchange	VERB
fsr-3739	94	5	the	the	DET
fsr-3739	94	6	ee	ee	PROPN
fsr-3739	94	7	bonds	bond	NOUN
fsr-3739	94	8	for	for	ADP
fsr-3739	94	9	$	$	SYM
fsr-3739	94	10	5,500	5,500	NUM
fsr-3739	94	11	of	of	ADP
fsr-3739	94	12	hh	hh	ADJ
fsr-3739	94	13	bonds	bond	NOUN
fsr-3739	94	14	and	and	CCONJ
fsr-3739	94	15	pay	pay	VERB
fsr-3739	94	16	taxes	taxis	NOUN
fsr-3739	94	17	on	on	ADP
fsr-3739	94	18	$	$	SYM
fsr-3739	94	19	366	366	NUM
fsr-3739	94	20	,	,	PUNCT
fsr-3739	94	21	or	or	CCONJ
fsr-3739	94	22	exchange	exchange	VERB
fsr-3739	94	23	the	the	DET
fsr-3739	94	24	ee	ee	PROPN
fsr-3739	94	25	bonds	bond	NOUN
fsr-3739	94	26	plus	plus	CCONJ
fsr-3739	94	27	$	$	SYM
fsr-3739	94	28	134	134	NUM
fsr-3739	94	29	for	for	ADP
fsr-3739	94	30	$	$	SYM
fsr-3739	94	31	6,000	6,000	NUM
fsr-3739	94	32	of	of	ADP
fsr-3739	94	33	hh	hh	ADJ
fsr-3739	94	34	bonds	bond	NOUN
fsr-3739	94	35	.	.	PUNCT
fsr-3739	95	1	in	in	ADP
fsr-3739	95	2	either	either	DET
fsr-3739	95	3	case	case	NOUN
fsr-3739	95	4	,	,	PUNCT
fsr-3739	95	5	the	the	DET
fsr-3739	95	6	interest	interest	NOUN
fsr-3739	95	7	rolled	roll	VERB
fsr-3739	95	8	into	into	ADP
fsr-3739	95	9	hh	hh	ADJ
fsr-3739	95	10	bonds	bond	NOUN
fsr-3739	95	11	is	be	AUX
fsr-3739	95	12	tax	tax	NOUN
fsr-3739	95	13	deferred	defer	VERB
fsr-3739	95	14	until	until	SCONJ
fsr-3739	95	15	they	they	PRON
fsr-3739	95	16	are	be	AUX
fsr-3739	95	17	redeemed	redeem	VERB
fsr-3739	95	18	or	or	CCONJ
fsr-3739	95	19	mature	mature	ADJ
fsr-3739	95	20	.	.	PUNCT
fsr-3739	96	1	the	the	DET
fsr-3739	96	2	interest	interest	NOUN
fsr-3739	96	3	may	may	AUX
fsr-3739	96	4	be	be	AUX
fsr-3739	96	5	partially	partially	ADV
fsr-3739	96	6	or	or	CCONJ
fsr-3739	96	7	fully	fully	ADV
fsr-3739	96	8	tax	tax	NOUN
fsr-3739	96	9	exempt	exempt	ADJ
fsr-3739	96	10	if	if	SCONJ
fsr-3739	96	11	used	use	VERB
fsr-3739	96	12	to	to	PART
fsr-3739	96	13	pay	pay	VERB
fsr-3739	96	14	for	for	ADP
fsr-3739	96	15	qualified	qualified	ADJ
fsr-3739	96	16	educational	educational	ADJ
fsr-3739	96	17	expenses	expense	NOUN
fsr-3739	96	18	.	.	PUNCT
fsr-3739	97	1	this	this	DET
fsr-3739	97	2	tax	tax	NOUN
fsr-3739	97	3	option	option	NOUN
fsr-3739	97	4	is	be	AUX
fsr-3739	97	5	popularly	popularly	ADV
fsr-3739	97	6	known	know	VERB
fsr-3739	97	7	as	as	ADP
fsr-3739	97	8	the	the	DET
fsr-3739	97	9	education	education	NOUN
fsr-3739	97	10	savings	saving	NOUN
fsr-3739	97	11	bond	bond	NOUN
fsr-3739	97	12	program	program	NOUN
fsr-3739	97	13	.	.	PUNCT
fsr-3739	98	1	it	it	PRON
fsr-3739	98	2	is	be	AUX
fsr-3739	98	3	nothing	nothing	PRON
fsr-3739	98	4	more	more	ADJ
fsr-3739	98	5	than	than	ADP
fsr-3739	98	6	an	an	DET
fsr-3739	98	7	ee	ee	PROPN
fsr-3739	98	8	savings	savings	NOUN
fsr-3739	98	9	bond	bond	NOUN
fsr-3739	98	10	with	with	ADP
fsr-3739	98	11	interest	interest	NOUN
fsr-3739	98	12	deferred	defer	VERB
fsr-3739	98	13	until	until	ADP
fsr-3739	98	14	redemption	redemption	NOUN
fsr-3739	98	15	and	and	CCONJ
fsr-3739	98	16	used	use	VERB
fsr-3739	98	17	in	in	ADP
fsr-3739	98	18	the	the	DET
fsr-3739	98	19	year	year	NOUN
fsr-3739	98	20	of	of	ADP
fsr-3739	98	21	redemption	redemption	NOUN
fsr-3739	98	22	to	to	PART
fsr-3739	98	23	finance	finance	VERB
fsr-3739	98	24	tuition	tuition	NOUN
fsr-3739	98	25	and	and	CCONJ
fsr-3739	98	26	required	required	ADJ
fsr-3739	98	27	table	table	NOUN
fsr-3739	98	28	3	3	NUM
fsr-3739	98	29	tax	tax	NOUN
fsr-3739	98	30	options	option	NOUN
fsr-3739	98	31	on	on	ADP
fsr-3739	98	32	ee	ee	PROPN
fsr-3739	98	33	savings	saving	NOUN
fsr-3739	98	34	bonds	bond	NOUN
fsr-3739	98	35	method	method	VERB
fsr-3739	98	36	1	1	NUM
fsr-3739	98	37	:	:	PUNCT
fsr-3739	98	38	defer	defer	VERB
fsr-3739	98	39	taxes	taxis	NOUN
fsr-3739	98	40	on	on	ADP
fsr-3739	98	41	accrued	accrue	VERB
fsr-3739	98	42	interest	interest	NOUN
fsr-3739	98	43	until	until	ADP
fsr-3739	98	44	a.	a.	PROPN
fsr-3739	98	45	b.	b.	PROPN
fsr-3739	98	46	c.	c.	PROPN
fsr-3739	99	1	the	the	DET
fsr-3739	99	2	bond	bond	NOUN
fsr-3739	99	3	is	be	AUX
fsr-3739	99	4	redeemed	redeem	VERB
fsr-3739	99	5	or	or	CCONJ
fsr-3739	99	6	matures	mature	NOUN
fsr-3739	99	7	,	,	PUNCT
fsr-3739	99	8	at	at	ADP
fsr-3739	99	9	which	which	DET
fsr-3739	99	10	time	time	NOUN
fsr-3739	99	11	taxes	taxis	NOUN
fsr-3739	99	12	must	must	AUX
fsr-3739	99	13	be	be	AUX
fsr-3739	99	14	paid	pay	VERB
fsr-3739	99	15	on	on	ADP
fsr-3739	99	16	accumulated	accumulate	VERB
fsr-3739	99	17	interest	interest	NOUN
fsr-3739	99	18	;	;	PUNCT
fsr-3739	99	19	the	the	DET
fsr-3739	99	20	bond	bond	NOUN
fsr-3739	99	21	is	be	AUX
fsr-3739	99	22	exchanged	exchange	VERB
fsr-3739	99	23	for	for	ADP
fsr-3739	99	24	hh	hh	ADJ
fsr-3739	99	25	bonds	bond	NOUN
fsr-3739	99	26	,	,	PUNCT
fsr-3739	99	27	in	in	ADP
fsr-3739	99	28	which	which	DET
fsr-3739	99	29	case	case	NOUN
fsr-3739	99	30	interest	interest	NOUN
fsr-3739	99	31	rolled	roll	VERB
fsr-3739	99	32	into	into	ADP
fsr-3739	99	33	hh	hh	ADJ
fsr-3739	99	34	bonds	bond	NOUN
fsr-3739	99	35	continues	continue	VERB
fsr-3739	99	36	to	to	PART
fsr-3739	99	37	be	be	AUX
fsr-3739	99	38	tax	tax	NOUN
fsr-3739	99	39	deferred	defer	VERB
fsr-3739	99	40	;	;	PUNCT
fsr-3739	99	41	or	or	CCONJ
fsr-3739	99	42	the	the	DET
fsr-3739	99	43	bond	bond	NOUN
fsr-3739	99	44	is	be	AUX
fsr-3739	99	45	redeemed	redeem	VERB
fsr-3739	99	46	or	or	CCONJ
fsr-3739	99	47	matures	mature	NOUN
fsr-3739	99	48	and	and	CCONJ
fsr-3739	99	49	the	the	DET
fsr-3739	99	50	proceeds	proceed	NOUN
fsr-3739	99	51	are	be	AUX
fsr-3739	99	52	used	use	VERB
fsr-3739	99	53	in	in	ADP
fsr-3739	99	54	that	that	DET
fsr-3739	99	55	year	year	NOUN
fsr-3739	99	56	to	to	PART
fsr-3739	99	57	pay	pay	VERB
fsr-3739	99	58	for	for	ADP
fsr-3739	99	59	qualified	qualified	ADJ
fsr-3739	99	60	postsecondary	postsecondary	ADJ
fsr-3739	99	61	educational	educational	ADJ
fsr-3739	99	62	expenses	expense	NOUN
fsr-3739	99	63	.	.	PUNCT
fsr-3739	100	1	the	the	DET
fsr-3739	100	2	accumulated	accumulate	VERB
fsr-3739	100	3	interest	interest	NOUN
fsr-3739	100	4	may	may	AUX
fsr-3739	100	5	bc	bc	VERB
fsr-3739	100	6	partially	partially	ADV
fsr-3739	100	7	or	or	CCONJ
fsr-3739	100	8	fully	fully	ADV
fsr-3739	100	9	tax	tax	NOUN
fsr-3739	100	10	exempt	exempt	ADJ
fsr-3739	100	11	,	,	PUNCT
fsr-3739	100	12	depending	depend	VERB
fsr-3739	100	13	on	on	ADP
fsr-3739	100	14	one	one	NUM
fsr-3739	100	15	’s	’s	PART
fsr-3739	100	16	level	level	NOUN
fsr-3739	100	17	of	of	ADP
fsr-3739	100	18	income	income	NOUN
fsr-3739	100	19	.	.	PUNCT
fsr-3739	101	1	method	method	PROPN
fsr-3739	101	2	2	2	NUM
fsr-3739	101	3	:	:	PUNCT
fsr-3739	101	4	pay	pay	VERB
fsr-3739	101	5	taxes	taxis	NOUN
fsr-3739	101	6	on	on	ADP
fsr-3739	101	7	interest	interest	NOUN
fsr-3739	101	8	as	as	SCONJ
fsr-3739	101	9	it	it	PRON
fsr-3739	101	10	accrues	accrue	VERB
fsr-3739	101	11	.	.	PUNCT
fsr-3739	102	1	that	that	PRON
fsr-3739	102	2	is	be	AUX
fsr-3739	102	3	,	,	PUNCT
fsr-3739	102	4	pay	pay	VERB
fsr-3739	102	5	taxes	taxis	NOUN
fsr-3739	102	6	on	on	ADP
fsr-3739	102	7	the	the	DET
fsr-3739	102	8	increase	increase	NOUN
fsr-3739	102	9	in	in	ADP
fsr-3739	102	10	redemption	redemption	NOUN
fsr-3739	102	11	values	value	NOUN
fsr-3739	102	12	as	as	ADP
fsr-3739	102	13	interest	interest	NOUN
fsr-3739	102	14	each	each	DET
fsr-3739	102	15	year	year	NOUN
fsr-3739	102	16	.	.	PUNCT
fsr-3739	103	1	analysis	analysis	NOUN
fsr-3739	103	2	of	of	ADP
fsr-3739	103	3	u.s	u.s	PROPN
fsr-3739	103	4	.	.	PROPN
fsr-3739	103	5	savings	saving	NOUN
fsr-3739	103	6	bonds	bond	NOUN
fsr-3739	103	7	45	45	NUM
fsr-3739	103	8	fees	fee	NOUN
fsr-3739	103	9	at	at	ADP
fsr-3739	103	10	most	most	ADJ
fsr-3739	103	11	postsecondary	postsecondary	ADJ
fsr-3739	103	12	schools	school	NOUN
fsr-3739	103	13	.	.	PUNCT
fsr-3739	104	1	the	the	DET
fsr-3739	104	2	bonds	bond	NOUN
fsr-3739	104	3	must	must	AUX
fsr-3739	104	4	be	be	AUX
fsr-3739	104	5	issued	issue	VERB
fsr-3739	104	6	in	in	ADP
fsr-3739	104	7	one	one	NUM
fsr-3739	104	8	or	or	CCONJ
fsr-3739	104	9	both	both	DET
fsr-3739	104	10	parents	parent	NOUN
fsr-3739	104	11	’	’	PART
fsr-3739	104	12	names	name	NOUN
fsr-3739	104	13	;	;	PUNCT
fsr-3739	104	14	they	they	PRON
fsr-3739	104	15	can	can	AUX
fsr-3739	104	16	not	not	PART
fsr-3739	104	17	be	be	AUX
fsr-3739	104	18	registered	register	VERB
fsr-3739	104	19	in	in	ADP
fsr-3739	104	20	the	the	DET
fsr-3739	104	21	student	student	NOUN
fsr-3739	104	22	’s	’s	PART
fsr-3739	104	23	name	name	NOUN
fsr-3739	104	24	.	.	PUNCT
fsr-3739	105	1	moreover	moreover	ADV
fsr-3739	105	2	,	,	PUNCT
fsr-3739	105	3	the	the	DET
fsr-3739	105	4	exemption	exemption	NOUN
fsr-3739	105	5	is	be	AUX
fsr-3739	105	6	subject	subject	ADJ
fsr-3739	105	7	to	to	ADP
fsr-3739	105	8	an	an	DET
fsr-3739	105	9	income	income	NOUN
fsr-3739	105	10	limitation	limitation	NOUN
fsr-3739	105	11	,	,	PUNCT
fsr-3739	105	12	which	which	PRON
fsr-3739	105	13	will	will	AUX
fsr-3739	105	14	be	be	AUX
fsr-3739	105	15	discussed	discuss	VERB
fsr-3739	105	16	later	later	ADV
fsr-3739	105	17	.	.	PUNCT
fsr-3739	106	1	for	for	ADP
fsr-3739	106	2	further	further	ADJ
fsr-3739	106	3	details	detail	NOUN
fsr-3739	106	4	,	,	PUNCT
fsr-3739	106	5	the	the	DET
fsr-3739	106	6	investor	investor	NOUN
fsr-3739	106	7	should	should	AUX
fsr-3739	106	8	read	read	VERB
fsr-3739	106	9	“	"	PUNCT
fsr-3739	106	10	u.s	u.s	PROPN
fsr-3739	106	11	.	.	PROPN
fsr-3739	106	12	savings	saving	NOUN
fsr-3739	106	13	bonds	bond	NOUN
fsr-3739	106	14	for	for	ADP
fsr-3739	106	15	education	education	NOUN
fsr-3739	106	16	,	,	PUNCT
fsr-3739	106	17	”	"	PUNCT
fsr-3739	106	18	published	publish	VERB
fsr-3739	106	19	by	by	ADP
fsr-3739	106	20	the	the	DET
fsr-3739	106	21	office	office	NOUN
fsr-3739	106	22	of	of	ADP
fsr-3739	106	23	public	public	ADJ
fsr-3739	106	24	affairs	affair	NOUN
fsr-3739	106	25	(	(	PUNCT
fsr-3739	106	26	u.s	u.s	PROPN
fsr-3739	106	27	.	.	PROPN
fsr-3739	106	28	savings	saving	NOUN
fsr-3739	106	29	bonds	bond	NOUN
fsr-3739	106	30	division	division	NOUN
fsr-3739	106	31	,	,	PUNCT
fsr-3739	106	32	washington	washington	PROPN
fsr-3739	106	33	,	,	PUNCT
fsr-3739	106	34	dc	dc	PROPN
fsr-3739	106	35	.	.	PROPN
fsr-3739	106	36	20226	20226	NUM
fsr-3739	106	37	)	)	PUNCT
fsr-3739	106	38	.	.	PUNCT
fsr-3739	107	1	we	we	PRON
fsr-3739	107	2	examine	examine	VERB
fsr-3739	107	3	tax	tax	NOUN
fsr-3739	107	4	-	-	PUNCT
fsr-3739	107	5	based	base	VERB
fsr-3739	107	6	investment	investment	NOUN
fsr-3739	107	7	strategies	strategy	NOUN
fsr-3739	107	8	in	in	ADP
fsr-3739	107	9	depth	depth	NOUN
fsr-3739	107	10	in	in	ADP
fsr-3739	107	11	section	section	NOUN
fsr-3739	107	12	v.	v.	PROPN
fsr-3739	107	13	iii	iii	PROPN
fsr-3739	107	14	.	.	PUNCT
fsr-3739	107	15	valuation	valuation	NOUN
fsr-3739	107	16	models	model	NOUN
fsr-3739	107	17	of	of	ADP
fsr-3739	107	18	savings	saving	NOUN
fsr-3739	107	19	bonds	bond	NOUN
fsr-3739	107	20	today	today	NOUN
fsr-3739	107	21	in	in	ADP
fsr-3739	107	22	the	the	DET
fsr-3739	107	23	united	united	PROPN
fsr-3739	107	24	states	states	PROPN
fsr-3739	107	25	,	,	PUNCT
fsr-3739	107	26	an	an	DET
fsr-3739	107	27	individual	individual	NOUN
fsr-3739	107	28	can	can	AUX
fsr-3739	107	29	buy	buy	VERB
fsr-3739	107	30	an	an	DET
fsr-3739	107	31	ee	ee	NOUN
fsr-3739	107	32	savings	saving	NOUN
fsr-3739	107	33	bond	bond	NOUN
fsr-3739	107	34	or	or	CCONJ
fsr-3739	107	35	exchange	exchange	VERB
fsr-3739	107	36	an	an	DET
fsr-3739	107	37	ee	ee	NOUN
fsr-3739	107	38	bond	bond	NOUN
fsr-3739	107	39	for	for	ADP
fsr-3739	107	40	an	an	DET
fsr-3739	107	41	hh	hh	PROPN
fsr-3739	107	42	savings	saving	NOUN
fsr-3739	107	43	bond	bond	NOUN
fsr-3739	107	44	.	.	PUNCT
fsr-3739	108	1	in	in	ADP
fsr-3739	108	2	this	this	DET
fsr-3739	108	3	article	article	NOUN
fsr-3739	108	4	,	,	PUNCT
fsr-3739	108	5	we	we	PRON
fsr-3739	108	6	try	try	VERB
fsr-3739	108	7	to	to	PART
fsr-3739	108	8	value	value	VERB
fsr-3739	108	9	the	the	DET
fsr-3739	108	10	ee	ee	NOUN
fsr-3739	108	11	and	and	CCONJ
fsr-3739	108	12	hh	hh	PROPN
fsr-3739	108	13	savings	saving	NOUN
fsr-3739	108	14	bonds	bond	NOUN
fsr-3739	108	15	based	base	VERB
fsr-3739	108	16	on	on	ADP
fsr-3739	108	17	interest	interest	NOUN
fsr-3739	108	18	rates	rate	NOUN
fsr-3739	108	19	as	as	ADP
fsr-3739	108	20	of	of	ADP
fsr-3739	108	21	august	august	PROPN
fsr-3739	108	22	1993	1993	NUM
fsr-3739	108	23	,	,	PUNCT
fsr-3739	108	24	the	the	DET
fsr-3739	108	25	time	time	NOUN
fsr-3739	108	26	of	of	ADP
fsr-3739	108	27	this	this	DET
fsr-3739	108	28	writing	writing	NOUN
fsr-3739	108	29	.	.	PUNCT
fsr-3739	109	1	the	the	DET
fsr-3739	109	2	hh	hh	PROPN
fsr-3739	109	3	savings	saving	NOUN
fsr-3739	109	4	bond	bond	NOUN
fsr-3739	109	5	is	be	AUX
fsr-3739	109	6	the	the	DET
fsr-3739	109	7	easier	easy	ADJ
fsr-3739	109	8	bond	bond	NOUN
fsr-3739	109	9	to	to	PART
fsr-3739	109	10	value	value	NOUN
fsr-3739	109	11	.	.	PUNCT
fsr-3739	110	1	table	table	NOUN
fsr-3739	110	2	1	1	NUM
fsr-3739	110	3	shows	show	VERB
fsr-3739	110	4	the	the	DET
fsr-3739	110	5	coupon	coupon	NOUN
fsr-3739	110	6	interest	interest	NOUN
fsr-3739	110	7	on	on	ADP
fsr-3739	110	8	today	today	NOUN
fsr-3739	110	9	’s	’s	PART
fsr-3739	110	10	4	4	NUM
fsr-3739	110	11	%	%	NOUN
fsr-3739	110	12	coupon	coupon	NOUN
fsr-3739	110	13	,	,	PUNCT
fsr-3739	110	14	$	$	SYM
fsr-3739	110	15	1,000	1,000	NUM
fsr-3739	110	16	par	par	NOUN
fsr-3739	110	17	value	value	NOUN
fsr-3739	110	18	,	,	PUNCT
fsr-3739	110	19	hh	hh	PROPN
fsr-3739	110	20	savings	saving	NOUN
fsr-3739	110	21	bond	bond	NOUN
fsr-3739	110	22	.	.	PUNCT
fsr-3739	111	1	the	the	DET
fsr-3739	111	2	bond	bond	NOUN
fsr-3739	111	3	also	also	ADV
fsr-3739	111	4	offers	offer	VERB
fsr-3739	111	5	an	an	DET
fsr-3739	111	6	american	american	ADJ
fsr-3739	111	7	put	put	NOUN
fsr-3739	111	8	option	option	NOUN
fsr-3739	111	9	that	that	PRON
fsr-3739	111	10	allows	allow	VERB
fsr-3739	111	11	an	an	DET
fsr-3739	111	12	investor	investor	NOUN
fsr-3739	111	13	to	to	PART
fsr-3739	111	14	sell	sell	VERB
fsr-3739	111	15	it	it	PRON
fsr-3739	111	16	at	at	ADP
fsr-3739	111	17	par	par	NOUN
fsr-3739	111	18	at	at	ADP
fsr-3739	111	19	any	any	DET
fsr-3739	111	20	time	time	NOUN
fsr-3739	111	21	.	.	PUNCT
fsr-3739	112	1	interest	interest	NOUN
fsr-3739	112	2	on	on	ADP
fsr-3739	112	3	the	the	DET
fsr-3739	112	4	bond	bond	NOUN
fsr-3739	112	5	accrues	accrue	VERB
fsr-3739	112	6	every	every	DET
fsr-3739	112	7	six	six	NUM
fsr-3739	112	8	months	month	NOUN
fsr-3739	112	9	.	.	PUNCT
fsr-3739	112	10	’	'	PUNCT
fsr-3739	113	1	if	if	SCONJ
fsr-3739	113	2	interest	interest	NOUN
fsr-3739	113	3	rates	rate	NOUN
fsr-3739	113	4	rise	rise	VERB
fsr-3739	113	5	sharply	sharply	ADV
fsr-3739	113	6	,	,	PUNCT
fsr-3739	113	7	it	it	PRON
fsr-3739	113	8	may	may	AUX
fsr-3739	113	9	be	be	AUX
fsr-3739	113	10	worthwhile	worthwhile	ADJ
fsr-3739	113	11	to	to	PART
fsr-3739	113	12	redeem	redeem	VERB
fsr-3739	113	13	the	the	DET
fsr-3739	113	14	bond	bond	NOUN
fsr-3739	113	15	between	between	ADP
fsr-3739	113	16	accrual	accrual	ADJ
fsr-3739	113	17	dates	date	NOUN
fsr-3739	113	18	.	.	PUNCT
fsr-3739	114	1	however	however	ADV
fsr-3739	114	2	,	,	PUNCT
fsr-3739	114	3	the	the	DET
fsr-3739	114	4	put	put	NOUN
fsr-3739	114	5	option	option	NOUN
fsr-3739	114	6	would	would	AUX
fsr-3739	114	7	most	most	ADV
fsr-3739	114	8	likely	likely	ADV
fsr-3739	114	9	be	be	AUX
fsr-3739	114	10	exercised	exercise	VERB
fsr-3739	114	11	immediately	immediately	ADV
fsr-3739	114	12	after	after	SCONJ
fsr-3739	114	13	the	the	DET
fsr-3739	114	14	$	$	SYM
fsr-3739	114	15	20	20	NUM
fsr-3739	114	16	interest	interest	NOUN
fsr-3739	114	17	has	have	AUX
fsr-3739	114	18	been	be	AUX
fsr-3739	114	19	earned	earn	VERB
fsr-3739	114	20	.	.	PUNCT
fsr-3739	115	1	because	because	SCONJ
fsr-3739	115	2	the	the	DET
fsr-3739	115	3	put	put	NOUN
fsr-3739	115	4	can	can	AUX
fsr-3739	115	5	be	be	AUX
fsr-3739	115	6	exercised	exercise	VERB
fsr-3739	115	7	at	at	ADP
fsr-3739	115	8	any	any	DET
fsr-3739	115	9	time	time	NOUN
fsr-3739	115	10	,	,	PUNCT
fsr-3739	115	11	it	it	PRON
fsr-3739	115	12	is	be	AUX
fsr-3739	115	13	simultaneously	simultaneously	ADV
fsr-3739	115	14	a	a	DET
fsr-3739	115	15	six	six	NUM
fsr-3739	115	16	-	-	PUNCT
fsr-3739	115	17	month	month	NOUN
fsr-3739	115	18	bond	bond	NOUN
fsr-3739	115	19	,	,	PUNCT
fsr-3739	115	20	a	a	DET
fsr-3739	115	21	one	one	NUM
fsr-3739	115	22	-	-	PUNCT
fsr-3739	115	23	year	year	NOUN
fsr-3739	115	24	bond	bond	NOUN
fsr-3739	115	25	,	,	PUNCT
fsr-3739	115	26	and	and	CCONJ
fsr-3739	115	27	so	so	ADV
fsr-3739	115	28	on	on	ADV
fsr-3739	115	29	,	,	PUNCT
fsr-3739	115	30	out	out	ADP
fsr-3739	115	31	to	to	ADP
fsr-3739	115	32	a	a	DET
fsr-3739	115	33	ten	ten	NUM
fsr-3739	115	34	-	-	PUNCT
fsr-3739	115	35	year	year	NOUN
fsr-3739	115	36	bond	bond	NOUN
fsr-3739	115	37	.	.	PUNCT
fsr-3739	116	1	we	we	PRON
fsr-3739	116	2	can	can	AUX
fsr-3739	116	3	value	value	VERB
fsr-3739	116	4	this	this	DET
fsr-3739	116	5	bond	bond	NOUN
fsr-3739	116	6	as	as	SCONJ
fsr-3739	116	7	if	if	SCONJ
fsr-3739	116	8	it	it	PRON
fsr-3739	116	9	has	have	VERB
fsr-3739	116	10	any	any	PRON
fsr-3739	116	11	of	of	ADP
fsr-3739	116	12	these	these	DET
fsr-3739	116	13	maturities	maturity	NOUN
fsr-3739	116	14	.	.	PUNCT
fsr-3739	117	1	as	as	SCONJ
fsr-3739	117	2	we	we	PRON
fsr-3739	117	3	will	will	AUX
fsr-3739	117	4	see	see	VERB
fsr-3739	117	5	,	,	PUNCT
fsr-3739	117	6	the	the	DET
fsr-3739	117	7	savings	savings	NOUN
fsr-3739	117	8	bond	bond	NOUN
fsr-3739	117	9	offers	offer	VERB
fsr-3739	117	10	a	a	DET
fsr-3739	117	11	yield	yield	NOUN
fsr-3739	117	12	that	that	PRON
fsr-3739	117	13	is	be	AUX
fsr-3739	117	14	above	above	ADP
fsr-3739	117	15	current	current	ADJ
fsr-3739	117	16	(	(	PUNCT
fsr-3739	117	17	august	august	PROPN
fsr-3739	117	18	1993	1993	NUM
fsr-3739	117	19	)	)	PUNCT
fsr-3739	117	20	short	short	ADJ
fsr-3739	117	21	-	-	PUNCT
fsr-3739	117	22	term	term	NOUN
fsr-3739	117	23	yields	yield	NOUN
fsr-3739	117	24	and	and	CCONJ
fsr-3739	117	25	below	below	ADP
fsr-3739	117	26	long	long	ADJ
fsr-3739	117	27	-	-	PUNCT
fsr-3739	117	28	term	term	NOUN
fsr-3739	117	29	yields	yield	NOUN
fsr-3739	117	30	on	on	ADP
fsr-3739	117	31	marketable	marketable	ADJ
fsr-3739	117	32	treasury	treasury	NOUN
fsr-3739	117	33	securities	security	NOUN
fsr-3739	117	34	.	.	PUNCT
fsr-3739	118	1	the	the	DET
fsr-3739	118	2	basic	basic	ADJ
fsr-3739	118	3	model	model	NOUN
fsr-3739	118	4	for	for	ADP
fsr-3739	118	5	hh	hh	PROPN
fsr-3739	118	6	savings	saving	NOUN
fsr-3739	118	7	bonds	bond	NOUN
fsr-3739	118	8	is	be	AUX
fsr-3739	118	9	:	:	PUNCT
fsr-3739	118	10	vhh	vhh	X
fsr-3739	118	11	,	,	PUNCT
fsr-3739	118	12	n	n	NOUN
fsr-3739	118	13	=	=	NOUN
fsr-3739	118	14	vstr	vstr	NOUN
fsr-3739	118	15	.	.	PUNCT
fsr-3739	118	16	,~	,~	PUNCT
fsr-3739	119	1	+	+	NUM
fsr-3739	119	2	vpur	vpur	NOUN
fsr-3739	119	3	,	,	PUNCT
fsr-3739	119	4	n	n	PRON
fsr-3739	119	5	where	where	SCONJ
fsr-3739	119	6	v	v	NOUN
fsr-3739	119	7	stands	stand	VERB
fsr-3739	119	8	for	for	ADP
fsr-3739	119	9	value	value	NOUN
fsr-3739	119	10	and	and	CCONJ
fsr-3739	119	11	hh	hh	PROPN
fsr-3739	119	12	,	,	PUNCT
fsr-3739	119	13	n	n	PRON
fsr-3739	119	14	denotes	denote	VERB
fsr-3739	119	15	an	an	DET
fsr-3739	119	16	hh	hh	PROPN
fsr-3739	119	17	savings	saving	NOUN
fsr-3739	119	18	bond	bond	NOUN
fsr-3739	119	19	of	of	ADP
fsr-3739	119	20	n	n	CCONJ
fsr-3739	119	21	-	-	PUNCT
fsr-3739	119	22	year	year	NOUN
fsr-3739	119	23	maturity	maturity	NOUN
fsr-3739	119	24	,	,	PUNCT
fsr-3739	119	25	~tr	~tr	PROPN
fsr-3739	119	26	.	.	PROPN
fsr-3739	119	27	,	,	PUNCT
fsr-3739	119	28	n	n	PRON
fsr-3739	119	29	denotes	denote	VERB
fsr-3739	119	30	straight	straight	ADJ
fsr-3739	119	31	treasury	treasury	NOUN
fsr-3739	119	32	debt	debt	NOUN
fsr-3739	119	33	of	of	ADP
fsr-3739	119	34	n	n	CCONJ
fsr-3739	119	35	-	-	PUNCT
fsr-3739	119	36	year	year	NOUN
fsr-3739	119	37	maturity	maturity	NOUN
fsr-3739	119	38	;	;	PUNCT
fsr-3739	119	39	and	and	CCONJ
fsr-3739	119	40	put	put	VERB
fsr-3739	119	41	,	,	PUNCT
fsr-3739	119	42	n	n	PRON
fsr-3739	119	43	denotes	denote	VERB
fsr-3739	119	44	an	an	DET
fsr-3739	119	45	american	american	ADJ
fsr-3739	119	46	put	put	NOUN
fsr-3739	119	47	option	option	NOUN
fsr-3739	119	48	with	with	ADP
fsr-3739	119	49	an	an	DET
fsr-3739	119	50	exercise	exercise	NOUN
fsr-3739	119	51	price	price	NOUN
fsr-3739	119	52	of	of	ADP
fsr-3739	119	53	par	par	NOUN
fsr-3739	119	54	on	on	ADP
fsr-3739	119	55	a	a	DET
fsr-3739	119	56	n	n	CCONJ
fsr-3739	119	57	-	-	PUNCT
fsr-3739	119	58	year	year	NOUN
fsr-3739	119	59	bond	bond	NOUN
fsr-3739	119	60	.	.	PUNCT
fsr-3739	120	1	again	again	ADV
fsr-3739	120	2	,	,	PUNCT
fsr-3739	120	3	n	n	PRON
fsr-3739	120	4	can	can	AUX
fsr-3739	120	5	be	be	AUX
fsr-3739	120	6	any	any	DET
fsr-3739	120	7	maturity	maturity	NOUN
fsr-3739	120	8	from	from	ADP
fsr-3739	120	9	six	six	NUM
fsr-3739	120	10	months	month	NOUN
fsr-3739	120	11	to	to	ADP
fsr-3739	120	12	ten	ten	NUM
fsr-3739	120	13	years	year	NOUN
fsr-3739	120	14	.	.	PUNCT
fsr-3739	121	1	there	there	PRON
fsr-3739	121	2	does	do	AUX
fsr-3739	121	3	not	not	PART
fsr-3739	121	4	exist	exist	VERB
fsr-3739	121	5	a	a	DET
fsr-3739	121	6	secondary	secondary	ADJ
fsr-3739	121	7	market	market	NOUN
fsr-3739	121	8	for	for	ADP
fsr-3739	121	9	savings	saving	NOUN
fsr-3739	121	10	bonds	bond	NOUN
fsr-3739	121	11	.	.	PUNCT
fsr-3739	122	1	despite	despite	SCONJ
fsr-3739	122	2	this	this	PRON
fsr-3739	122	3	,	,	PUNCT
fsr-3739	122	4	it	it	PRON
fsr-3739	122	5	is	be	AUX
fsr-3739	122	6	posstble	posstble	ADJ
fsr-3739	122	7	for	for	SCONJ
fsr-3739	122	8	the	the	DET
fsr-3739	122	9	value	value	NOUN
fsr-3739	122	10	of	of	ADP
fsr-3739	122	11	the	the	DET
fsr-3739	122	12	savings	saving	NOUN
fsr-3739	122	13	bond	bond	NOUN
fsr-3739	122	14	to	to	PART
fsr-3739	122	15	exceed	exceed	VERB
fsr-3739	122	16	par	par	NOUN
fsr-3739	122	17	.	.	PUNCT
fsr-3739	123	1	for	for	ADP
fsr-3739	123	2	example	example	NOUN
fsr-3739	123	3	,	,	PUNCT
fsr-3739	123	4	prior	prior	ADV
fsr-3739	123	5	to	to	ADP
fsr-3739	123	6	march	march	PROPN
fsr-3739	123	7	1993	1993	NUM
fsr-3739	123	8	the	the	DET
fsr-3739	123	9	hh	hh	PROPN
fsr-3739	123	10	bond	bond	NOUN
fsr-3739	123	11	offered	offer	VERB
fsr-3739	123	12	a	a	DET
fsr-3739	123	13	6	6	NUM
fsr-3739	123	14	%	%	NOUN
fsr-3739	123	15	coupon	coupon	NOUN
fsr-3739	123	16	rate	rate	NOUN
fsr-3739	123	17	.	.	PUNCT
fsr-3739	124	1	based	base	VERB
fsr-3739	124	2	on	on	ADP
fsr-3739	124	3	a	a	DET
fsr-3739	124	4	yield	yield	NOUN
fsr-3739	124	5	of	of	ADP
fsr-3739	124	6	5.31	5.31	NUM
fsr-3739	124	7	%	%	NOUN
fsr-3739	124	8	on	on	ADP
fsr-3739	124	9	four	four	NUM
fsr-3739	124	10	-	-	PUNCT
fsr-3739	124	11	year	year	NOUN
fsr-3739	124	12	,	,	PUNCT
fsr-3739	124	13	coupon	coupon	NOUN
fsr-3739	124	14	-	-	PUNCT
fsr-3739	124	15	bearing	bear	VERB
fsr-3739	124	16	treasury	treasury	NOUN
fsr-3739	124	17	notes	note	NOUN
fsr-3739	124	18	,	,	PUNCT
fsr-3739	124	19	the	the	DET
fsr-3739	124	20	straight	straight	ADJ
fsr-3739	124	21	debt	debt	NOUN
fsr-3739	124	22	value	value	NOUN
fsr-3739	124	23	of	of	ADP
fsr-3739	124	24	the	the	DET
fsr-3739	124	25	hh	hh	PROPN
fsr-3739	124	26	contract	contract	NOUN
fsr-3739	124	27	(	(	PUNCT
fsr-3739	124	28	when	when	SCONJ
fsr-3739	124	29	viewed	view	VERB
fsr-3739	124	30	as	as	ADP
fsr-3739	124	31	a	a	DET
fsr-3739	124	32	four	four	NUM
fsr-3739	124	33	-	-	PUNCT
fsr-3739	124	34	year	year	NOUN
fsr-3739	124	35	security	security	NOUN
fsr-3739	124	36	)	)	PUNCT
fsr-3739	124	37	was	be	AUX
fsr-3739	124	38	$	$	SYM
fsr-3739	124	39	1.0246	1.0246	NUM
fsr-3739	124	40	(	(	PUNCT
fsr-3739	124	41	par	par	NOUN
fsr-3739	124	42	=	=	PUNCT
fsr-3739	124	43	$	$	SYM
fsr-3739	124	44	l	l	NOUN
fsr-3739	124	45	)	)	PUNCT
fsr-3739	124	46	.	.	PUNCT
fsr-3739	124	47	’	'	PUNCT
fsr-3739	125	1	although	although	SCONJ
fsr-3739	125	2	the	the	DET
fsr-3739	125	3	put	put	NOUN
fsr-3739	125	4	option	option	NOUN
fsr-3739	125	5	was	be	AUX
fsr-3739	125	6	out	out	ADP
fsr-3739	125	7	of	of	ADP
fsr-3739	125	8	the	the	DET
fsr-3739	125	9	money	money	NOUN
fsr-3739	125	10	,	,	PUNCT
fsr-3739	125	11	its	its	PRON
fsr-3739	125	12	value	value	NOUN
fsr-3739	125	13	was	be	AUX
fsr-3739	125	14	still	still	ADV
fsr-3739	125	15	positive	positive	ADJ
fsr-3739	125	16	.	.	PUNCT
fsr-3739	126	1	thus	thus	ADV
fsr-3739	126	2	,	,	PUNCT
fsr-3739	126	3	the	the	DET
fsr-3739	126	4	true	true	ADJ
fsr-3739	126	5	value	value	NOUN
fsr-3739	126	6	of	of	ADP
fsr-3739	126	7	the	the	DET
fsr-3739	126	8	savings	saving	NOUN
fsr-3739	126	9	bond	bond	NOUN
fsr-3739	126	10	was	be	AUX
fsr-3739	126	11	something	something	PRON
fsr-3739	126	12	in	in	ADP
fsr-3739	126	13	excess	excess	NOUN
fsr-3739	126	14	of	of	ADP
fsr-3739	126	15	$	$	SYM
fsr-3739	126	16	1.0246	1.0246	NUM
fsr-3739	126	17	.	.	PUNCT
fsr-3739	127	1	the	the	DET
fsr-3739	127	2	lack	lack	NOUN
fsr-3739	127	3	of	of	ADP
fsr-3739	127	4	marketability	marketability	NOUN
fsr-3739	127	5	presents	present	VERB
fsr-3739	127	6	no	no	DET
fsr-3739	127	7	problem	problem	NOUN
fsr-3739	127	8	for	for	ADP
fsr-3739	127	9	the	the	DET
fsr-3739	127	10	efficient	efficient	ADJ
fsr-3739	127	11	investor	investor	NOUN
fsr-3739	127	12	,	,	PUNCT
fsr-3739	127	13	who	who	PRON
fsr-3739	127	14	could	could	AUX
fsr-3739	127	15	buy	buy	VERB
fsr-3739	127	16	the	the	DET
fsr-3739	127	17	currently	currently	ADV
fsr-3739	127	18	underpriced	underpriced	ADJ
fsr-3739	127	19	bond	bond	NOUN
fsr-3739	127	20	and	and	CCONJ
fsr-3739	127	21	hold	hold	VERB
fsr-3739	127	22	it	it	PRON
fsr-3739	127	23	until	until	SCONJ
fsr-3739	127	24	it	it	PRON
fsr-3739	127	25	either	either	CCONJ
fsr-3739	127	26	matures	mature	NOUN
fsr-3739	127	27	or	or	CCONJ
fsr-3739	127	28	is	be	AUX
fsr-3739	127	29	no	no	ADV
fsr-3739	127	30	longer	long	ADV
fsr-3739	127	31	undervalued	undervalue	VERB
fsr-3739	127	32	(	(	PUNCT
fsr-3739	127	33	at	at	ADP
fsr-3739	127	34	which	which	DET
fsr-3739	127	35	time	time	NOUN
fsr-3739	127	36	,	,	PUNCT
fsr-3739	127	37	he	he	PRON
fsr-3739	127	38	or	or	CCONJ
fsr-3739	127	39	she	she	PRON
fsr-3739	127	40	will	will	AUX
fsr-3739	127	41	exercise	exercise	VERB
fsr-3739	127	42	the	the	DET
fsr-3739	127	43	put	put	NOUN
fsr-3739	127	44	option	option	NOUN
fsr-3739	127	45	on	on	ADP
fsr-3739	127	46	the	the	DET
fsr-3739	127	47	bond).3	bond).3	NOUN
fsr-3739	127	48	we	we	PRON
fsr-3739	127	49	see	see	VERB
fsr-3739	127	50	that	that	SCONJ
fsr-3739	127	51	the	the	DET
fsr-3739	127	52	value	value	NOUN
fsr-3739	127	53	of	of	ADP
fsr-3739	127	54	the	the	DET
fsr-3739	127	55	hh	hh	PROPN
fsr-3739	127	56	bond	bond	NOUN
fsr-3739	127	57	,	,	PUNCT
fsr-3739	127	58	v	v	NOUN
fsr-3739	127	59	,	,	PUNCT
fsr-3739	127	60	,	,	PUNCT
fsr-3739	127	61	,	,	PUNCT
fsr-3739	127	62	can	can	AUX
fsr-3739	127	63	exceed	exceed	VERB
fsr-3739	127	64	par	par	NOUN
fsr-3739	127	65	.	.	PUNCT
fsr-3739	128	1	however	however	ADV
fsr-3739	128	2	,	,	PUNCT
fsr-3739	128	3	the	the	DET
fsr-3739	128	4	put	put	NOUN
fsr-3739	128	5	option	option	NOUN
fsr-3739	128	6	guarantees	guarantee	VERB
fsr-3739	128	7	that	that	SCONJ
fsr-3739	128	8	the	the	DET
fsr-3739	128	9	value	value	NOUN
fsr-3739	128	10	can	can	AUX
fsr-3739	128	11	never	never	ADV
fsr-3739	128	12	be	be	AUX
fsr-3739	128	13	less	less	ADJ
fsr-3739	128	14	than	than	ADP
fsr-3739	128	15	par	par	NOUN
fsr-3739	128	16	.	.	PUNCT
fsr-3739	129	1	it	it	PRON
fsr-3739	129	2	follows	follow	VERB
fsr-3739	129	3	that	that	SCONJ
fsr-3739	129	4	the	the	DET
fsr-3739	129	5	value	value	NOUN
fsr-3739	129	6	of	of	ADP
fsr-3739	129	7	the	the	DET
fsr-3739	129	8	savings	saving	NOUN
fsr-3739	129	9	bond	bond	NOUN
fsr-3739	129	10	must	must	AUX
fsr-3739	129	11	be	be	AUX
fsr-3739	129	12	at	at	ADP
fsr-3739	129	13	least	least	ADJ
fsr-3739	129	14	par	par	ADJ
fsr-3739	129	15	:	:	PUNCT
fsr-3739	129	16	vhh	vhh	NOUN
fsr-3739	129	17	2	2	NUM
fsr-3739	129	18	par	par	NOUN
fsr-3739	129	19	.	.	PUNCT
fsr-3739	130	1	figure	figure	VERB
fsr-3739	130	2	1	1	NUM
fsr-3739	130	3	shows	show	VERB
fsr-3739	130	4	the	the	DET
fsr-3739	130	5	values	value	NOUN
fsr-3739	130	6	of	of	ADP
fsr-3739	130	7	a	a	DET
fsr-3739	130	8	6	6	NUM
fsr-3739	130	9	%	%	NOUN
fsr-3739	130	10	coupon	coupon	NOUN
fsr-3739	130	11	,	,	PUNCT
fsr-3739	130	12	ten	ten	NUM
fsr-3739	130	13	-	-	PUNCT
fsr-3739	130	14	year	year	NOUN
fsr-3739	130	15	straight	straight	ADJ
fsr-3739	130	16	treasury	treasury	NOUN
fsr-3739	130	17	note	note	NOUN
fsr-3739	130	18	and	and	CCONJ
fsr-3739	130	19	a	a	DET
fsr-3739	130	20	6	6	NUM
fsr-3739	130	21	%	%	NOUN
fsr-3739	130	22	coupon	coupon	NOUN
fsr-3739	130	23	,	,	PUNCT
fsr-3739	130	24	ten	ten	NUM
fsr-3739	130	25	-	-	PUNCT
fsr-3739	130	26	year	year	NOUN
fsr-3739	130	27	hh	hh	PROPN
fsr-3739	130	28	bond	bond	NOUN
fsr-3739	130	29	.	.	PUNCT
fsr-3739	131	1	when	when	SCONJ
fsr-3739	131	2	the	the	DET
fsr-3739	131	3	market	market	NOUN
fsr-3739	131	4	yield	yield	NOUN
fsr-3739	131	5	is	be	AUX
fsr-3739	131	6	well	well	ADV
fsr-3739	131	7	less	less	ADJ
fsr-3739	131	8	than	than	ADP
fsr-3739	131	9	6	6	NUM
fsr-3739	131	10	%	%	NOUN
fsr-3739	131	11	,	,	PUNCT
fsr-3739	131	12	the	the	DET
fsr-3739	131	13	value	value	NOUN
fsr-3739	131	14	of	of	ADP
fsr-3739	131	15	the	the	DET
fsr-3739	131	16	put	put	NOUN
fsr-3739	131	17	option	option	NOUN
fsr-3739	131	18	is	be	AUX
fsr-3739	131	19	negligible	negligible	ADJ
fsr-3739	131	20	and	and	CCONJ
fsr-3739	131	21	the	the	DET
fsr-3739	131	22	value	value	NOUN
fsr-3739	131	23	of	of	ADP
fsr-3739	131	24	both	both	DET
fsr-3739	131	25	bonds	bond	NOUN
fsr-3739	131	26	coincide	coincide	VERB
fsr-3739	131	27	.	.	PUNCT
fsr-3739	132	1	as	as	SCONJ
fsr-3739	132	2	the	the	DET
fsr-3739	132	3	market	market	NOUN
fsr-3739	132	4	yield	yield	NOUN
fsr-3739	132	5	approaches	approach	NOUN
fsr-3739	132	6	6	6	NUM
fsr-3739	132	7	%	%	NOUN
fsr-3739	132	8	,	,	PUNCT
fsr-3739	132	9	the	the	DET
fsr-3739	132	10	put	put	NOUN
fsr-3739	132	11	option	option	NOUN
fsr-3739	132	12	becomes	become	VERB
fsr-3739	132	13	valuable	valuable	ADJ
fsr-3739	132	14	and	and	CCONJ
fsr-3739	132	15	the	the	DET
fsr-3739	132	16	value	value	NOUN
fsr-3739	132	17	of	of	ADP
fsr-3739	132	18	the	the	DET
fsr-3739	132	19	savings	saving	NOUN
fsr-3739	132	20	bond	bond	NOUN
fsr-3739	132	21	exceeds	exceed	VERB
fsr-3739	132	22	the	the	DET
fsr-3739	132	23	straight	straight	ADJ
fsr-3739	132	24	46	46	NUM
fsr-3739	132	25	financialservicesreview	financialservicesreview	NOUN
fsr-3739	132	26	4(l	4(l	NUM
fsr-3739	132	27	)	)	PUNCT
fsr-3739	132	28	1995	1995	NUM
fsr-3739	133	1	i	i	PRON
fsr-3739	133	2	i	i	PRON
fsr-3739	133	3	t	t	VERB
fsr-3739	133	4	1'0	1'0	NUM
fsr-3739	133	5	860'0	860'0	NUM
fsr-3739	133	6	860'0	860'0	NUM
fsr-3739	134	1	i	i	PRON
fsr-3739	134	2	p60'0	p60'0	VERB
fsr-3739	135	1	i	i	PRON
fsr-3739	135	2	260'0	260'0	NUM
fsr-3739	136	1	i	i	PRON
fsr-3739	136	2	i	i	PRON
fsr-3739	137	1	i	i	PRON
fsr-3739	137	2	i	i	PRON
fsr-3739	138	1	i	i	PRON
fsr-3739	138	2	i	i	PRON
fsr-3739	138	3	9lo'o	9lo'o	VERB
fsr-3739	139	1	i	i	PRON
fsr-3739	139	2	plo’0	plo’0	VERB
fsr-3739	139	3	i	i	PRON
fsr-3739	139	4	zlo’o	zlo’o	NUM
fsr-3739	140	1	i	i	PRON
fsr-3739	140	2	:	:	PUNCT
fsr-3739	140	3	f	f	X
fsr-3739	141	1	lo’0	lo’0	VERB
fsr-3739	141	2	i	i	PRON
fsr-3739	141	3	890'0	890'0	NUM
fsr-3739	141	4	990'0	990'0	NUM
fsr-3739	142	1	i	i	PRON
fsr-3739	142	2	p90‘0	p90‘0	VERB
fsr-3739	142	3	~~	~~	NUM
fsr-3739	142	4	290’0	290’0	NUM
fsr-3739	142	5	-90‘0	-90‘0	NUM
fsr-3739	142	6	s	s	PART
fsr-3739	142	7	'	'	PUNCT
fsr-3739	142	8	-8so'o	-8so'o	ADJ
fsr-3739	142	9	-9so'o	-9so'o	ADJ
fsr-3739	142	10	-tso'o	-tso'o	NUM
fsr-3739	142	11	-zso'o	-zso'o	ADJ
fsr-3739	142	12	-so'0	-so'0	NOUN
fsr-3739	142	13	~8po'o	~8po'o	NUM
fsr-3739	142	14	~~	~~	NUM
fsr-3739	142	15	9po'o	9po'o	ADJ
fsr-3739	142	16	-ppo'o	-ppo'o	ADJ
fsr-3739	142	17	-~	-~	PROPN
fsr-3739	142	18	zpo'o	zpo'o	PROPN
fsr-3739	142	19	-~to.0	-~to.0	PUNCT
fsr-3739	142	20	~8eo'o	~8eo'o	NUM
fsr-3739	142	21	-9eo'o	-9eo'o	PROPN
fsr-3739	142	22	-~	-~	PROPN
fsr-3739	142	23	peo'o	peo'o	NOUN
fsr-3739	142	24	-zeo'o	-zeo'o	PROPN
fsr-3739	142	25	~~	~~	X
fsr-3739	143	1	fo‘o	fo‘o	ADJ
fsr-3739	143	2	-820'0	-820'0	NOUN
fsr-3739	144	1	i	i	PRON
fsr-3739	144	2	9zo'o	9zo'o	VERB
fsr-3739	144	3	-pzo'o	-pzo'o	ADJ
fsr-3739	145	1	-zzo'o	-zzo'o	PROPN
fsr-3739	146	1	i	i	PRON
fsr-3739	147	1	i	i	PRON
fsr-3739	147	2	r	r	VERB
fsr-3739	147	3	zo'o	zo'o	NUM
fsr-3739	147	4	analysis	analysis	NOUN
fsr-3739	147	5	of	of	ADP
fsr-3739	147	6	u.s	u.s	PROPN
fsr-3739	147	7	.	.	PROPN
fsr-3739	147	8	savings	saving	NOUN
fsr-3739	147	9	bonds	bond	NOUN
fsr-3739	147	10	47	47	NUM
fsr-3739	147	11	debt	debt	NOUN
fsr-3739	147	12	value	value	NOUN
fsr-3739	147	13	.	.	PUNCT
fsr-3739	148	1	for	for	ADP
fsr-3739	148	2	market	market	NOUN
fsr-3739	148	3	yields	yield	NOUN
fsr-3739	148	4	above	above	ADP
fsr-3739	148	5	6	6	NUM
fsr-3739	148	6	%	%	NOUN
fsr-3739	148	7	,	,	PUNCT
fsr-3739	148	8	the	the	DET
fsr-3739	148	9	put	put	NOUN
fsr-3739	148	10	option	option	NOUN
fsr-3739	148	11	dominates	dominate	VERB
fsr-3739	148	12	the	the	DET
fsr-3739	148	13	valuation	valuation	NOUN
fsr-3739	148	14	and	and	CCONJ
fsr-3739	148	15	sets	set	VERB
fsr-3739	148	16	the	the	DET
fsr-3739	148	17	bond	bond	NOUN
fsr-3739	148	18	’s	’s	PART
fsr-3739	148	19	value	value	NOUN
fsr-3739	148	20	at	at	ADP
fsr-3739	148	21	par	par	NOUN
fsr-3739	148	22	.	.	PUNCT
fsr-3739	149	1	it	it	PRON
fsr-3739	149	2	is	be	AUX
fsr-3739	149	3	more	more	ADV
fsr-3739	149	4	difficult	difficult	ADJ
fsr-3739	149	5	to	to	PART
fsr-3739	149	6	value	value	VERB
fsr-3739	149	7	an	an	DET
fsr-3739	149	8	ee	ee	NOUN
fsr-3739	149	9	savings	savings	NOUN
fsr-3739	149	10	bond	bond	NOUN
fsr-3739	149	11	than	than	ADP
fsr-3739	149	12	an	an	DET
fsr-3739	149	13	hh	hh	ADJ
fsr-3739	149	14	bond	bond	NOUN
fsr-3739	149	15	.	.	PUNCT
fsr-3739	150	1	in	in	ADP
fsr-3739	150	2	addition	addition	NOUN
fsr-3739	150	3	to	to	ADP
fsr-3739	150	4	the	the	DET
fsr-3739	150	5	put	put	NOUN
fsr-3739	150	6	option	option	NOUN
fsr-3739	150	7	,	,	PUNCT
fsr-3739	150	8	the	the	DET
fsr-3739	150	9	ee	ee	PROPN
fsr-3739	150	10	bond	bond	NOUN
fsr-3739	150	11	offers	offer	VERB
fsr-3739	150	12	several	several	ADJ
fsr-3739	150	13	tax	tax	NOUN
fsr-3739	150	14	options	option	NOUN
fsr-3739	150	15	.	.	PUNCT
fsr-3739	151	1	the	the	DET
fsr-3739	151	2	value	value	NOUN
fsr-3739	151	3	of	of	ADP
fsr-3739	151	4	the	the	DET
fsr-3739	151	5	package	package	NOUN
fsr-3739	151	6	of	of	ADP
fsr-3739	151	7	put	put	NOUN
fsr-3739	151	8	and	and	CCONJ
fsr-3739	151	9	tax	tax	NOUN
fsr-3739	151	10	options	option	NOUN
fsr-3739	151	11	is	be	AUX
fsr-3739	151	12	not	not	PART
fsr-3739	151	13	equal	equal	ADJ
fsr-3739	151	14	to	to	ADP
fsr-3739	151	15	the	the	DET
fsr-3739	151	16	sum	sum	NOUN
fsr-3739	151	17	of	of	ADP
fsr-3739	151	18	the	the	DET
fsr-3739	151	19	separate	separate	ADJ
fsr-3739	151	20	options	option	NOUN
fsr-3739	151	21	.	.	PUNCT
fsr-3739	152	1	as	as	SCONJ
fsr-3739	152	2	we	we	PRON
fsr-3739	152	3	shall	shall	AUX
fsr-3739	152	4	see	see	VERB
fsr-3739	152	5	,	,	PUNCT
fsr-3739	152	6	investment	investment	NOUN
fsr-3739	152	7	strategies	strategy	NOUN
fsr-3739	152	8	that	that	PRON
fsr-3739	152	9	are	be	AUX
fsr-3739	152	10	designed	design	VERB
fsr-3739	152	11	to	to	PART
fsr-3739	152	12	capture	capture	VERB
fsr-3739	152	13	the	the	DET
fsr-3739	152	14	value	value	NOUN
fsr-3739	152	15	of	of	ADP
fsr-3739	152	16	one	one	NUM
fsr-3739	152	17	option	option	NOUN
fsr-3739	152	18	often	often	ADV
fsr-3739	152	19	limit	limit	VERB
fsr-3739	152	20	the	the	DET
fsr-3739	152	21	value	value	NOUN
fsr-3739	152	22	of	of	ADP
fsr-3739	152	23	another	another	DET
fsr-3739	152	24	option	option	NOUN
fsr-3739	152	25	.	.	PUNCT
fsr-3739	153	1	for	for	ADP
fsr-3739	153	2	example	example	NOUN
fsr-3739	153	3	,	,	PUNCT
fsr-3739	153	4	in	in	ADP
fsr-3739	153	5	order	order	NOUN
fsr-3739	153	6	to	to	PART
fsr-3739	153	7	get	get	VERB
fsr-3739	153	8	the	the	DET
fsr-3739	153	9	tax	tax	NOUN
fsr-3739	153	10	exemption	exemption	NOUN
fsr-3739	153	11	of	of	ADP
fsr-3739	153	12	interest	interest	NOUN
fsr-3739	153	13	,	,	PUNCT
fsr-3739	153	14	the	the	DET
fsr-3739	153	15	investor	investor	NOUN
fsr-3739	153	16	may	may	AUX
fsr-3739	153	17	have	have	VERB
fsr-3739	153	18	to	to	PART
fsr-3739	153	19	hold	hold	VERB
fsr-3739	153	20	the	the	DET
fsr-3739	153	21	bonds	bond	NOUN
fsr-3739	153	22	until	until	SCONJ
fsr-3739	153	23	his	his	PRON
fsr-3739	153	24	/	/	SYM
fsr-3739	153	25	her	her	PRON
fsr-3739	153	26	child	child	NOUN
fsr-3739	153	27	enters	enter	VERB
fsr-3739	153	28	college	college	NOUN
fsr-3739	153	29	;	;	PUNCT
fsr-3739	153	30	that	that	ADV
fsr-3739	153	31	is	is	ADV
fsr-3739	153	32	,	,	PUNCT
fsr-3739	153	33	the	the	DET
fsr-3739	153	34	investor	investor	NOUN
fsr-3739	153	35	must	must	AUX
fsr-3739	153	36	forego	forego	VERB
fsr-3739	153	37	the	the	DET
fsr-3739	153	38	put	put	NOUN
fsr-3739	153	39	option	option	NOUN
fsr-3739	153	40	until	until	SCONJ
fsr-3739	153	41	the	the	DET
fsr-3739	153	42	child	child	NOUN
fsr-3739	153	43	enters	enter	VERB
fsr-3739	153	44	college	college	NOUN
fsr-3739	153	45	.	.	PUNCT
fsr-3739	154	1	the	the	DET
fsr-3739	154	2	value	value	NOUN
fsr-3739	154	3	of	of	ADP
fsr-3739	154	4	the	the	DET
fsr-3739	154	5	put	put	NOUN
fsr-3739	154	6	option	option	NOUN
fsr-3739	154	7	in	in	ADP
fsr-3739	154	8	ee	ee	PROPN
fsr-3739	154	9	and	and	CCONJ
fsr-3739	154	10	hh	hh	PROPN
fsr-3739	154	11	bonds	bond	NOUN
fsr-3739	154	12	depends	depend	VERB
fsr-3739	154	13	on	on	ADP
fsr-3739	154	14	the	the	DET
fsr-3739	154	15	volatility	volatility	NOUN
fsr-3739	154	16	of	of	ADP
fsr-3739	154	17	interest	interest	NOUN
fsr-3739	154	18	rates	rate	NOUN
fsr-3739	154	19	and	and	CCONJ
fsr-3739	154	20	other	other	ADJ
fsr-3739	154	21	factors	factor	NOUN
fsr-3739	154	22	that	that	PRON
fsr-3739	154	23	do	do	AUX
fsr-3739	154	24	not	not	PART
fsr-3739	154	25	vary	vary	VERB
fsr-3739	154	26	with	with	ADP
fsr-3739	154	27	the	the	DET
fsr-3739	154	28	investor	investor	NOUN
fsr-3739	154	29	.	.	PUNCT
fsr-3739	155	1	in	in	ADP
fsr-3739	155	2	contrast	contrast	NOUN
fsr-3739	155	3	,	,	PUNCT
fsr-3739	155	4	the	the	DET
fsr-3739	155	5	value	value	NOUN
fsr-3739	155	6	of	of	ADP
fsr-3739	155	7	the	the	DET
fsr-3739	155	8	tax	tax	NOUN
fsr-3739	155	9	options	option	NOUN
fsr-3739	155	10	on	on	ADP
fsr-3739	155	11	ee	ee	PROPN
fsr-3739	155	12	bonds	bond	NOUN
fsr-3739	155	13	depends	depend	VERB
fsr-3739	155	14	on	on	ADP
fsr-3739	155	15	individual	individual	ADJ
fsr-3739	155	16	tax	tax	NOUN
fsr-3739	155	17	rates	rate	NOUN
fsr-3739	155	18	and	and	CCONJ
fsr-3739	155	19	,	,	PUNCT
fsr-3739	155	20	thus	thus	ADV
fsr-3739	155	21	,	,	PUNCT
fsr-3739	155	22	its	its	PRON
fsr-3739	155	23	value	value	NOUN
fsr-3739	155	24	varies	vary	VERB
fsr-3739	155	25	among	among	ADP
fsr-3739	155	26	investors	investor	NOUN
fsr-3739	155	27	.	.	PUNCT
fsr-3739	156	1	a	a	DET
fsr-3739	156	2	general	general	ADJ
fsr-3739	156	3	model	model	NOUN
fsr-3739	156	4	for	for	ADP
fsr-3739	156	5	the	the	DET
fsr-3739	156	6	value	value	NOUN
fsr-3739	156	7	of	of	ADP
fsr-3739	156	8	an	an	DET
fsr-3739	156	9	ee	ee	NOUN
fsr-3739	156	10	bond	bond	NOUN
fsr-3739	156	11	is	be	AUX
fsr-3739	156	12	:	:	PUNCT
fsr-3739	156	13	vee	vee	PROPN
fsr-3739	156	14	,	,	PUNCT
fsr-3739	156	15	n	n	NOUN
fsr-3739	156	16	=	=	SYM
fsr-3739	156	17	vstr	vstr	NOUN
fsr-3739	156	18	,	,	PUNCT
fsr-3739	156	19	,	,	PUNCT
fsr-3739	156	20	,	,	PUNCT
fsr-3739	156	21	,	,	PUNCT
fsr-3739	156	22	+	+	CCONJ
fsr-3739	156	23	v~~~ionspac	v~~~ionspac	PROPN
fsr-3739	156	24	~	~	SYM
fsr-3739	156	25	se	se	X
fsr-3739	156	26	,	,	PUNCT
fsr-3739	156	27	,	,	PUNCT
fsr-3739	156	28	,	,	PUNCT
fsr-3739	156	29	where	where	SCONJ
fsr-3739	156	30	vdenotes	vdenote	NOUN
fsr-3739	156	31	value	value	NOUN
fsr-3739	156	32	and	and	CCONJ
fsr-3739	156	33	ee	ee	PROPN
fsr-3739	156	34	,	,	PUNCT
fsr-3739	156	35	n	n	PRON
fsr-3739	156	36	refers	refer	VERB
fsr-3739	156	37	to	to	ADP
fsr-3739	156	38	the	the	DET
fsr-3739	156	39	ee	ee	PROPN
fsr-3739	156	40	bond	bond	NOUN
fsr-3739	156	41	;	;	PUNCT
fsr-3739	156	42	srr	srr	PROPN
fsr-3739	156	43	.	.	PROPN
fsr-3739	156	44	,n	,n	PUNCT
fsr-3739	156	45	refers	refer	VERB
fsr-3739	156	46	to	to	ADP
fsr-3739	156	47	the	the	DET
fsr-3739	156	48	straight	straight	ADJ
fsr-3739	156	49	bond	bond	NOUN
fsr-3739	156	50	;	;	PUNCT
fsr-3739	156	51	and	and	CCONJ
fsr-3739	156	52	options	option	NOUN
fsr-3739	156	53	packnge	packnge	NOUN
fsr-3739	156	54	,	,	PUNCT
fsr-3739	156	55	n	n	PRON
fsr-3739	156	56	refers	refer	VERB
fsr-3739	156	57	to	to	ADP
fsr-3739	156	58	the	the	DET
fsr-3739	156	59	package	package	NOUN
fsr-3739	156	60	of	of	ADP
fsr-3739	156	61	put	put	NOUN
fsr-3739	156	62	and	and	CCONJ
fsr-3739	156	63	tax	tax	NOUN
fsr-3739	156	64	options	option	NOUN
fsr-3739	156	65	on	on	ADP
fsr-3739	156	66	an	an	DET
fsr-3739	156	67	n	n	CCONJ
fsr-3739	156	68	-	-	PUNCT
fsr-3739	156	69	year	year	NOUN
fsr-3739	156	70	bond	bond	NOUN
fsr-3739	156	71	.	.	PUNCT
fsr-3739	157	1	if	if	SCONJ
fsr-3739	157	2	we	we	PRON
fsr-3739	157	3	ignore	ignore	VERB
fsr-3739	157	4	the	the	DET
fsr-3739	157	5	value	value	NOUN
fsr-3739	157	6	of	of	ADP
fsr-3739	157	7	the	the	DET
fsr-3739	157	8	tax	tax	NOUN
fsr-3739	157	9	options	option	NOUN
fsr-3739	157	10	,	,	PUNCT
fsr-3739	157	11	then	then	ADV
fsr-3739	157	12	the	the	DET
fsr-3739	157	13	structure	structure	NOUN
fsr-3739	157	14	of	of	ADP
fsr-3739	157	15	the	the	DET
fsr-3739	157	16	ee	ee	PROPN
fsr-3739	157	17	bond	bond	NOUN
fsr-3739	157	18	is	be	AUX
fsr-3739	157	19	very	very	ADV
fsr-3739	157	20	similar	similar	ADJ
fsr-3739	157	21	to	to	ADP
fsr-3739	157	22	the	the	DET
fsr-3739	157	23	structure	structure	NOUN
fsr-3739	157	24	of	of	ADP
fsr-3739	157	25	the	the	DET
fsr-3739	157	26	hh	hh	PROPN
fsr-3739	157	27	bond	bond	NOUN
fsr-3739	157	28	.	.	PUNCT
fsr-3739	158	1	the	the	DET
fsr-3739	158	2	structural	structural	ADJ
fsr-3739	158	3	difference	difference	NOUN
fsr-3739	158	4	is	be	AUX
fsr-3739	158	5	that	that	SCONJ
fsr-3739	158	6	the	the	DET
fsr-3739	158	7	accrued	accrue	VERB
fsr-3739	158	8	interest	interest	NOUN
fsr-3739	158	9	on	on	ADP
fsr-3739	158	10	the	the	DET
fsr-3739	158	11	ee	ee	PROPN
fsr-3739	158	12	bond	bond	NOUN
fsr-3739	158	13	is	be	AUX
fsr-3739	158	14	“	"	PUNCT
fsr-3739	158	15	reinvested	reinveste	VERB
fsr-3739	158	16	”	"	PUNCT
fsr-3739	158	17	at	at	ADP
fsr-3739	158	18	4	4	NUM
fsr-3739	158	19	%	%	NOUN
fsr-3739	158	20	,	,	PUNCT
fsr-3739	158	21	thus	thus	ADV
fsr-3739	158	22	raising	raise	VERB
fsr-3739	158	23	the	the	DET
fsr-3739	158	24	redemption	redemption	NOUN
fsr-3739	158	25	price	price	NOUN
fsr-3739	158	26	or	or	CCONJ
fsr-3739	158	27	exercise	exercise	VERB
fsr-3739	158	28	price	price	NOUN
fsr-3739	158	29	on	on	ADP
fsr-3739	158	30	the	the	DET
fsr-3739	158	31	put	put	NOUN
fsr-3739	158	32	option	option	NOUN
fsr-3739	158	33	.	.	PUNCT
fsr-3739	159	1	in	in	ADP
fsr-3739	159	2	contrast	contrast	NOUN
fsr-3739	159	3	to	to	ADP
fsr-3739	159	4	the	the	DET
fsr-3739	159	5	hh	hh	PROPN
fsr-3739	159	6	bond	bond	NOUN
fsr-3739	159	7	,	,	PUNCT
fsr-3739	159	8	the	the	DET
fsr-3739	159	9	ee	ee	PROPN
fsr-3739	159	10	bond	bond	NOUN
fsr-3739	159	11	guarantees	guarantee	VERB
fsr-3739	159	12	a	a	DET
fsr-3739	159	13	4	4	NUM
fsr-3739	159	14	%	%	NOUN
fsr-3739	159	15	horizon	horizon	NOUN
fsr-3739	159	16	return	return	NOUN
fsr-3739	159	17	;	;	PUNCT
fsr-3739	159	18	that	that	PRON
fsr-3739	159	19	is	is	ADV
fsr-3739	159	20	,	,	PUNCT
fsr-3739	159	21	there	there	PRON
fsr-3739	159	22	is	be	VERB
fsr-3739	159	23	no	no	DET
fsr-3739	159	24	reinvestment	reinvestment	NOUN
fsr-3739	159	25	rate	rate	NOUN
fsr-3739	159	26	risk	risk	NOUN
fsr-3739	159	27	on	on	ADP
fsr-3739	159	28	the	the	DET
fsr-3739	159	29	ee	ee	PROPN
fsr-3739	159	30	bond	bond	NOUN
fsr-3739	159	31	.	.	PUNCT
fsr-3739	160	1	we	we	PRON
fsr-3739	160	2	can	can	AUX
fsr-3739	160	3	not	not	PART
fsr-3739	160	4	calculate	calculate	VERB
fsr-3739	160	5	the	the	DET
fsr-3739	160	6	precise	precise	ADJ
fsr-3739	160	7	value	value	NOUN
fsr-3739	160	8	of	of	ADP
fsr-3739	160	9	an	an	DET
fsr-3739	160	10	ee	ee	NOUN
fsr-3739	160	11	bond	bond	NOUN
fsr-3739	160	12	because	because	SCONJ
fsr-3739	160	13	the	the	DET
fsr-3739	160	14	value	value	NOUN
fsr-3739	160	15	of	of	ADP
fsr-3739	160	16	the	the	DET
fsr-3739	160	17	tax	tax	NOUN
fsr-3739	160	18	options	option	NOUN
fsr-3739	160	19	depends	depend	VERB
fsr-3739	160	20	on	on	ADP
fsr-3739	160	21	each	each	DET
fsr-3739	160	22	investor	investor	NOUN
fsr-3739	160	23	’s	’s	PART
fsr-3739	160	24	tax	tax	NOUN
fsr-3739	160	25	rate	rate	NOUN
fsr-3739	160	26	.	.	PUNCT
fsr-3739	161	1	however	however	ADV
fsr-3739	161	2	,	,	PUNCT
fsr-3739	161	3	the	the	DET
fsr-3739	161	4	value	value	NOUN
fsr-3739	161	5	of	of	ADP
fsr-3739	161	6	the	the	DET
fsr-3739	161	7	hh	hh	ADJ
fsr-3739	161	8	-	-	PUNCT
fsr-3739	161	9	style	style	NOUN
fsr-3739	161	10	bond	bond	NOUN
fsr-3739	161	11	represents	represent	VERB
fsr-3739	161	12	a	a	DET
fsr-3739	161	13	floor	floor	NOUN
fsr-3739	161	14	for	for	ADP
fsr-3739	161	15	the	the	DET
fsr-3739	161	16	value	value	NOUN
fsr-3739	161	17	of	of	ADP
fsr-3739	161	18	the	the	DET
fsr-3739	161	19	ee	ee	PROPN
fsr-3739	161	20	bond	bond	PROPN
fsr-3739	161	21	.	.	PUNCT
fsr-3739	162	1	iv	iv	X
fsr-3739	162	2	.	.	PUNCT
fsr-3739	162	3	valuing	value	VERB
fsr-3739	162	4	savings	saving	NOUN
fsr-3739	162	5	bonds	bond	NOUN
fsr-3739	162	6	with	with	ADP
fsr-3739	162	7	a	a	DET
fsr-3739	162	8	put	put	NOUN
fsr-3739	162	9	option	option	NOUN
fsr-3739	162	10	as	as	SCONJ
fsr-3739	162	11	we	we	PRON
fsr-3739	162	12	have	have	AUX
fsr-3739	162	13	seen	see	VERB
fsr-3739	162	14	,	,	PUNCT
fsr-3739	162	15	the	the	DET
fsr-3739	162	16	hh	hh	PROPN
fsr-3739	162	17	bond	bond	NOUN
fsr-3739	162	18	is	be	AUX
fsr-3739	162	19	simultaneously	simultaneously	ADV
fsr-3739	162	20	a	a	DET
fsr-3739	162	21	six	six	NUM
fsr-3739	162	22	-	-	PUNCT
fsr-3739	162	23	month	month	NOUN
fsr-3739	162	24	bond	bond	NOUN
fsr-3739	162	25	,	,	PUNCT
fsr-3739	162	26	a	a	DET
fsr-3739	162	27	one	one	NUM
fsr-3739	162	28	-	-	PUNCT
fsr-3739	162	29	year	year	NOUN
fsr-3739	162	30	bond	bond	NOUN
fsr-3739	162	31	,	,	PUNCT
fsr-3739	162	32	and	and	CCONJ
fsr-3739	162	33	so	so	ADV
fsr-3739	162	34	on	on	ADP
fsr-3739	162	35	out	out	ADP
fsr-3739	162	36	to	to	ADP
fsr-3739	162	37	a	a	DET
fsr-3739	162	38	ten	ten	NUM
fsr-3739	162	39	-	-	PUNCT
fsr-3739	162	40	year	year	NOUN
fsr-3739	162	41	bond	bond	NOUN
fsr-3739	162	42	.	.	PUNCT
fsr-3739	163	1	and	and	CCONJ
fsr-3739	163	2	the	the	DET
fsr-3739	163	3	value	value	NOUN
fsr-3739	163	4	of	of	ADP
fsr-3739	163	5	the	the	DET
fsr-3739	163	6	hh	hh	PROPN
fsr-3739	163	7	savings	saving	NOUN
fsr-3739	163	8	bond	bond	NOUN
fsr-3739	163	9	equals	equal	VERB
fsr-3739	163	10	or	or	CCONJ
fsr-3739	163	11	exceeds	exceed	VERB
fsr-3739	163	12	its	its	PRON
fsr-3739	163	13	straight	straight	ADJ
fsr-3739	163	14	debt	debt	NOUN
fsr-3739	163	15	value	value	NOUN
fsr-3739	163	16	plus	plus	CCONJ
fsr-3739	163	17	the	the	DET
fsr-3739	163	18	put	put	NOUN
fsr-3739	163	19	value	value	NOUN
fsr-3739	163	20	.	.	PUNCT
fsr-3739	164	1	in	in	ADP
fsr-3739	164	2	this	this	DET
fsr-3739	164	3	section	section	NOUN
fsr-3739	164	4	,	,	PUNCT
fsr-3739	164	5	we	we	PRON
fsr-3739	164	6	use	use	VERB
fsr-3739	164	7	august	august	PROPN
fsr-3739	164	8	16,1993	16,1993	NUM
fsr-3739	164	9	security	security	NOUN
fsr-3739	164	10	prices	price	NOUN
fsr-3739	164	11	to	to	PART
fsr-3739	164	12	value	value	VERB
fsr-3739	164	13	the	the	DET
fsr-3739	164	14	4	4	NUM
fsr-3739	164	15	%	%	NOUN
fsr-3739	164	16	coupon	coupon	NOUN
fsr-3739	164	17	,	,	PUNCT
fsr-3739	164	18	hh	hh	PROPN
fsr-3739	164	19	savings	saving	NOUN
fsr-3739	164	20	bond	bond	NOUN
fsr-3739	164	21	when	when	SCONJ
fsr-3739	164	22	it	it	PRON
fsr-3739	164	23	is	be	AUX
fsr-3739	164	24	viewed	view	VERB
fsr-3739	164	25	as	as	ADP
fsr-3739	164	26	a	a	DET
fsr-3739	164	27	six	six	NUM
fsr-3739	164	28	-	-	PUNCT
fsr-3739	164	29	month	month	NOUN
fsr-3739	164	30	bond	bond	NOUN
fsr-3739	164	31	through	through	ADP
fsr-3739	164	32	a	a	DET
fsr-3739	164	33	ten	ten	NUM
fsr-3739	164	34	-	-	PUNCT
fsr-3739	164	35	year	year	NOUN
fsr-3739	164	36	bond	bond	NOUN
fsr-3739	164	37	.	.	PUNCT
fsr-3739	165	1	we	we	PRON
fsr-3739	165	2	will	will	AUX
fsr-3739	165	3	see	see	VERB
fsr-3739	165	4	that	that	SCONJ
fsr-3739	165	5	the	the	DET
fsr-3739	165	6	straight	straight	ADJ
fsr-3739	165	7	debt	debt	NOUN
fsr-3739	165	8	values	value	NOUN
fsr-3739	165	9	and	and	CCONJ
fsr-3739	165	10	put	put	VERB
fsr-3739	165	11	values	value	NOUN
fsr-3739	165	12	of	of	ADP
fsr-3739	165	13	the	the	DET
fsr-3739	165	14	savings	saving	NOUN
fsr-3739	165	15	bond	bond	NOUN
fsr-3739	165	16	vary	vary	VERB
fsr-3739	165	17	with	with	ADP
fsr-3739	165	18	maturity	maturity	NOUN
fsr-3739	165	19	.	.	PUNCT
fsr-3739	166	1	for	for	ADP
fsr-3739	166	2	each	each	DET
fsr-3739	166	3	maturity	maturity	NOUN
fsr-3739	166	4	,	,	PUNCT
fsr-3739	166	5	we	we	PRON
fsr-3739	166	6	compare	compare	VERB
fsr-3739	166	7	investments	investment	NOUN
fsr-3739	166	8	in	in	ADP
fsr-3739	166	9	two	two	NUM
fsr-3739	166	10	securities	security	NOUN
fsr-3739	166	11	:	:	PUNCT
fsr-3739	166	12	an	an	DET
fsr-3739	166	13	investment	investment	NOUN
fsr-3739	166	14	in	in	ADP
fsr-3739	166	15	straight	straight	ADJ
fsr-3739	166	16	treasury	treasury	NOUN
fsr-3739	166	17	debt	debt	NOUN
fsr-3739	166	18	of	of	ADP
fsr-3739	166	19	the	the	DET
fsr-3739	166	20	given	give	VERB
fsr-3739	166	21	maturity	maturity	NOUN
fsr-3739	166	22	and	and	CCONJ
fsr-3739	166	23	an	an	DET
fsr-3739	166	24	investment	investment	NOUN
fsr-3739	166	25	in	in	ADP
fsr-3739	166	26	the	the	DET
fsr-3739	166	27	4	4	NUM
fsr-3739	166	28	%	%	NOUN
fsr-3739	166	29	coupon	coupon	NOUN
fsr-3739	166	30	savings	saving	NOUN
fsr-3739	166	31	bond	bond	NOUN
fsr-3739	166	32	.	.	PUNCT
fsr-3739	167	1	since	since	SCONJ
fsr-3739	167	2	both	both	DET
fsr-3739	167	3	strategies	strategy	NOUN
fsr-3739	167	4	use	use	VERB
fsr-3739	167	5	treasury	treasury	NOUN
fsr-3739	167	6	securities	security	NOUN
fsr-3739	167	7	,	,	PUNCT
fsr-3739	167	8	we	we	PRON
fsr-3739	167	9	are	be	AUX
fsr-3739	167	10	comparing	compare	VERB
fsr-3739	167	11	return	return	NOUN
fsr-3739	167	12	prospects	prospect	NOUN
fsr-3739	167	13	on	on	ADP
fsr-3739	167	14	investments	investment	NOUN
fsr-3739	167	15	of	of	ADP
fsr-3739	167	16	equal	equal	ADJ
fsr-3739	167	17	risk	risk	NOUN
fsr-3739	167	18	.	.	PUNCT
fsr-3739	168	1	in	in	ADP
fsr-3739	168	2	this	this	DET
fsr-3739	168	3	section	section	NOUN
fsr-3739	168	4	,	,	PUNCT
fsr-3739	168	5	we	we	PRON
fsr-3739	168	6	ignore	ignore	VERB
fsr-3739	168	7	the	the	DET
fsr-3739	168	8	value	value	NOUN
fsr-3739	168	9	of	of	ADP
fsr-3739	168	10	the	the	DET
fsr-3739	168	11	tax	tax	NOUN
fsr-3739	168	12	options	option	NOUN
fsr-3739	168	13	on	on	ADP
fsr-3739	168	14	ee	ee	PROPN
fsr-3739	168	15	savings	saving	NOUN
fsr-3739	168	16	bonds	bond	NOUN
fsr-3739	168	17	.	.	PUNCT
fsr-3739	169	1	again	again	ADV
fsr-3739	169	2	,	,	PUNCT
fsr-3739	169	3	the	the	DET
fsr-3739	169	4	value	value	NOUN
fsr-3739	169	5	of	of	ADP
fsr-3739	169	6	the	the	DET
fsr-3739	169	7	hh	hh	PROPN
fsr-3739	169	8	bond	bond	NOUN
fsr-3739	169	9	may	may	AUX
fsr-3739	169	10	be	be	AUX
fsr-3739	169	11	viewed	view	VERB
fsr-3739	169	12	as	as	ADP
fsr-3739	169	13	a	a	DET
fsr-3739	169	14	floor	floor	NOUN
fsr-3739	169	15	value	value	NOUN
fsr-3739	169	16	for	for	ADP
fsr-3739	169	17	the	the	DET
fsr-3739	169	18	ee	ee	PROPN
fsr-3739	169	19	bond	bond	PROPN
fsr-3739	169	20	.	.	PUNCT
fsr-3739	170	1	figure	figure	NOUN
fsr-3739	170	2	2	2	NUM
fsr-3739	170	3	shows	show	VERB
fsr-3739	170	4	the	the	DET
fsr-3739	170	5	yield	yield	NOUN
fsr-3739	170	6	curves	curve	NOUN
fsr-3739	170	7	on	on	ADP
fsr-3739	170	8	august	august	PROPN
fsr-3739	170	9	16	16	NUM
fsr-3739	170	10	,	,	PUNCT
fsr-3739	170	11	1993	1993	NUM
fsr-3739	170	12	on	on	ADP
fsr-3739	170	13	the	the	DET
fsr-3739	170	14	hh	hh	PROPN
fsr-3739	170	15	savings	saving	NOUN
fsr-3739	170	16	bond	bond	NOUN
fsr-3739	170	17	and	and	CCONJ
fsr-3739	170	18	coupon	coupon	NOUN
fsr-3739	170	19	-	-	PUNCT
fsr-3739	170	20	bearing	bear	VERB
fsr-3739	170	21	treasury	treasury	NOUN
fsr-3739	170	22	securities	security	NOUN
fsr-3739	170	23	.	.	PUNCT
fsr-3739	171	1	there	there	PRON
fsr-3739	171	2	are	be	VERB
fsr-3739	171	3	two	two	NUM
fsr-3739	171	4	treasury	treasury	NOUN
fsr-3739	171	5	yield	yield	NOUN
fsr-3739	171	6	curves	curve	NOUN
fsr-3739	171	7	at	at	ADP
fsr-3739	171	8	any	any	DET
fsr-3739	171	9	time	time	NOUN
fsr-3739	171	10	:	:	PUNCT
fsr-3739	171	11	the	the	DET
fsr-3739	171	12	yield	yield	NOUN
fsr-3739	171	13	curve	curve	NOUN
fsr-3739	171	14	on	on	ADP
fsr-3739	171	15	marketable	marketable	ADJ
fsr-3739	171	16	debt	debt	NOUN
fsr-3739	171	17	and	and	CCONJ
fsr-3739	171	18	the	the	DET
fsr-3739	171	19	yield	yield	NOUN
fsr-3739	171	20	curve	curve	NOUN
fsr-3739	171	21	on	on	ADP
fsr-3739	171	22	savings	saving	NOUN
fsr-3739	171	23	bonds	bond	NOUN
fsr-3739	171	24	.	.	PUNCT
fsr-3739	172	1	again	again	ADV
fsr-3739	172	2	,	,	PUNCT
fsr-3739	172	3	the	the	DET
fsr-3739	172	4	hh	hh	PROPN
fsr-3739	172	5	bond	bond	NOUN
fsr-3739	172	6	can	can	AUX
fsr-3739	172	7	be	be	AUX
fsr-3739	172	8	sold	sell	VERB
fsr-3739	172	9	at	at	ADP
fsr-3739	172	10	par	par	NOUN
fsr-3739	172	11	at	at	ADP
fsr-3739	172	12	any	any	DET
fsr-3739	172	13	time	time	NOUN
fsr-3739	172	14	.	.	PUNCT
fsr-3739	173	1	so	so	ADV
fsr-3739	173	2	,	,	PUNCT
fsr-3739	173	3	it	it	PRON
fsr-3739	173	4	is	be	AUX
fsr-3739	173	5	a	a	DET
fsr-3739	173	6	bond	bond	NOUN
fsr-3739	173	7	with	with	ADP
fsr-3739	173	8	any	any	DET
fsr-3739	173	9	maturity	maturity	NOUN
fsr-3739	173	10	from	from	ADP
fsr-3739	173	11	six	six	NUM
fsr-3739	173	12	months	month	NOUN
fsr-3739	173	13	through	through	ADP
fsr-3739	173	14	ten	ten	NUM
fsr-3739	173	15	years	year	NOUN
fsr-3739	173	16	.	.	PUNCT
fsr-3739	174	1	the	the	DET
fsr-3739	174	2	4	4	NUM
fsr-3739	174	3	%	%	NOUN
fsr-3739	174	4	coupon	coupon	NOUN
fsr-3739	174	5	on	on	ADP
fsr-3739	174	6	the	the	DET
fsr-3739	174	7	savings	saving	NOUN
fsr-3739	174	8	bonds	bond	NOUN
fsr-3739	174	9	exceeds	exceed	VERB
fsr-3739	174	10	yields	yield	NOUN
fsr-3739	174	11	on	on	ADP
fsr-3739	174	12	straight	straight	ADJ
fsr-3739	174	13	debt	debt	NOUN
fsr-3739	174	14	for	for	ADP
fsr-3739	174	15	maturities	maturity	NOUN
fsr-3739	174	16	less	less	ADJ
fsr-3739	174	17	than	than	ADP
fsr-3739	174	18	27	27	NUM
fsr-3739	174	19	months	month	NOUN
fsr-3739	174	20	.	.	PUNCT
fsr-3739	175	1	therefore	therefore	ADV
fsr-3739	175	2	,	,	PUNCT
fsr-3739	175	3	for	for	ADP
fsr-3739	175	4	investment	investment	NOUN
fsr-3739	175	5	horizons	horizon	NOUN
fsr-3739	175	6	between	between	ADP
fsr-3739	175	7	six	six	NUM
fsr-3739	175	8	months	month	NOUN
fsr-3739	175	9	(	(	PUNCT
fsr-3739	175	10	the	the	DET
fsr-3739	175	11	accrual	accrual	ADJ
fsr-3739	175	12	period	period	NOUN
fsr-3739	175	13	on	on	ADP
fsr-3739	175	14	hh	hh	ADJ
fsr-3739	175	15	bonds	bond	NOUN
fsr-3739	175	16	)	)	PUNCT
fsr-3739	175	17	and	and	CCONJ
fsr-3739	175	18	24	24	NUM
fsr-3739	175	19	months	month	NOUN
fsr-3739	175	20	,	,	PUNCT
fsr-3739	175	21	the	the	DET
fsr-3739	175	22	hh	hh	PROPN
fsr-3739	175	23	bond	bond	NOUN
fsr-3739	175	24	guarantees	guarantee	VERB
fsr-3739	175	25	an	an	DET
fsr-3739	175	26	above	above	ADJ
fsr-3739	175	27	-	-	PUNCT
fsr-3739	175	28	market	market	NOUN
fsr-3739	175	29	yield	yield	NOUN
fsr-3739	175	30	with	with	ADP
fsr-3739	175	31	no	no	DET
fsr-3739	175	32	additional	additional	ADJ
fsr-3739	175	33	risk	risk	NOUN
fsr-3739	175	34	.	.	PUNCT
fsr-3739	176	1	we	we	PRON
fsr-3739	176	2	next	next	ADV
fsr-3739	176	3	try	try	VERB
fsr-3739	176	4	to	to	PART
fsr-3739	176	5	value	value	VERB
fsr-3739	176	6	the	the	DET
fsr-3739	176	7	hh	hh	PROPN
fsr-3739	176	8	bond	bond	NOUN
fsr-3739	176	9	for	for	ADP
fsr-3739	176	10	investment	investment	NOUN
fsr-3739	176	11	horizons	horizon	NOUN
fsr-3739	176	12	from	from	ADP
fsr-3739	176	13	six	six	NUM
fsr-3739	176	14	months	month	NOUN
fsr-3739	176	15	through	through	ADP
fsr-3739	176	16	ten	ten	NUM
fsr-3739	176	17	years	year	NOUN
fsr-3739	176	18	.	.	PUNCT
fsr-3739	177	1	48	48	NUM
fsr-3739	177	2	financial	financial	ADJ
fsr-3739	177	3	services	service	NOUN
fsr-3739	177	4	review	review	VERB
fsr-3739	177	5	4	4	NUM
fsr-3739	177	6	(	(	PUNCT
fsr-3739	177	7	1	1	NUM
fsr-3739	177	8	)	)	PUNCT
fsr-3739	177	9	1995	1995	NUM
fsr-3739	177	10	-s’l	-s’l	PROPN
fsr-3739	177	11	-l	-l	PUNCT
fsr-3739	177	12	-s’o	-s’o	NOUN
fsr-3739	177	13	-0	-0	PUNCT
fsr-3739	177	14	analysis	analysis	NOUN
fsr-3739	177	15	of	of	ADP
fsr-3739	177	16	u.s	u.s	PROPN
fsr-3739	177	17	.	.	PROPN
fsr-3739	177	18	savings	saving	NOUN
fsr-3739	177	19	bonds	bond	NOUN
fsr-3739	177	20	49	49	NUM
fsr-3739	177	21	a.	a.	NOUN
fsr-3739	177	22	six	six	NUM
fsr-3739	177	23	-	-	PUNCT
fsr-3739	177	24	month	month	NOUN
fsr-3739	177	25	horizon	horizon	NOUN
fsr-3739	177	26	based	base	VERB
fsr-3739	177	27	on	on	ADP
fsr-3739	177	28	a	a	DET
fsr-3739	177	29	six	six	NUM
fsr-3739	177	30	-	-	PUNCT
fsr-3739	177	31	month	month	NOUN
fsr-3739	177	32	treasury	treasury	NOUN
fsr-3739	177	33	bill	bill	NOUN
fsr-3739	177	34	discount	discount	NOUN
fsr-3739	177	35	interest	interest	NOUN
fsr-3739	177	36	rate	rate	NOUN
fsr-3739	177	37	of	of	ADP
fsr-3739	177	38	3.11	3.11	NUM
fsr-3739	177	39	%	%	NOUN
fsr-3739	177	40	,	,	PUNCT
fsr-3739	177	41	the	the	DET
fsr-3739	177	42	straight	straight	ADJ
fsr-3739	177	43	debt	debt	NOUN
fsr-3739	177	44	value	value	NOUN
fsr-3739	177	45	of	of	ADP
fsr-3739	177	46	a	a	DET
fsr-3739	177	47	$	$	SYM
fsr-3739	177	48	1	1	NUM
fsr-3739	177	49	savings	saving	NOUN
fsr-3739	177	50	bond	bond	NOUN
fsr-3739	177	51	is	be	AUX
fsr-3739	177	52	$	$	SYM
fsr-3739	177	53	l.0040.4	l.0040.4	NOUN
fsr-3739	177	54	this	this	DET
fsr-3739	177	55	savings	saving	NOUN
fsr-3739	177	56	bond	bond	NOUN
fsr-3739	177	57	also	also	ADV
fsr-3739	177	58	contains	contain	VERB
fsr-3739	177	59	a	a	DET
fsr-3739	177	60	put	put	NOUN
fsr-3739	177	61	option	option	NOUN
fsr-3739	177	62	.	.	PUNCT
fsr-3739	178	1	however	however	ADV
fsr-3739	178	2	,	,	PUNCT
fsr-3739	178	3	the	the	DET
fsr-3739	178	4	investor	investor	NOUN
fsr-3739	178	5	must	must	AUX
fsr-3739	178	6	hold	hold	VERB
fsr-3739	178	7	the	the	DET
fsr-3739	178	8	hh	hh	ADJ
fsr-3739	178	9	bond	bond	NOUN
fsr-3739	178	10	for	for	ADP
fsr-3739	178	11	the	the	DET
fsr-3739	178	12	full	full	ADJ
fsr-3739	178	13	six	six	NUM
fsr-3739	178	14	months	month	NOUN
fsr-3739	178	15	to	to	PART
fsr-3739	178	16	receive	receive	VERB
fsr-3739	178	17	the	the	DET
fsr-3739	178	18	2	2	NUM
fsr-3739	178	19	%	%	NOUN
fsr-3739	178	20	interest	interest	NOUN
fsr-3739	178	21	.	.	PUNCT
fsr-3739	179	1	thus	thus	ADV
fsr-3739	179	2	,	,	PUNCT
fsr-3739	179	3	unless	unless	SCONJ
fsr-3739	179	4	treasury	treasury	PROPN
fsr-3739	179	5	yields	yield	NOUN
fsr-3739	179	6	rise	rise	VERB
fsr-3739	179	7	sharply	sharply	ADV
fsr-3739	179	8	,	,	PUNCT
fsr-3739	179	9	the	the	DET
fsr-3739	179	10	put	put	NOUN
fsr-3739	179	11	option	option	NOUN
fsr-3739	179	12	will	will	AUX
fsr-3739	179	13	not	not	PART
fsr-3739	179	14	be	be	AUX
fsr-3739	179	15	exercised	exercise	VERB
fsr-3739	179	16	before	before	ADP
fsr-3739	179	17	the	the	DET
fsr-3739	179	18	interest	interest	NOUN
fsr-3739	179	19	accrual	accrual	ADJ
fsr-3739	179	20	date	date	NOUN
fsr-3739	179	21	in	in	ADP
fsr-3739	179	22	six	six	NUM
fsr-3739	179	23	months	month	NOUN
fsr-3739	179	24	.	.	PUNCT
fsr-3739	180	1	if	if	SCONJ
fsr-3739	180	2	we	we	PRON
fsr-3739	180	3	ignore	ignore	VERB
fsr-3739	180	4	the	the	DET
fsr-3739	180	5	ability	ability	NOUN
fsr-3739	180	6	to	to	PART
fsr-3739	180	7	exercise	exercise	VERB
fsr-3739	180	8	the	the	DET
fsr-3739	180	9	put	put	NOUN
fsr-3739	180	10	option	option	NOUN
fsr-3739	180	11	before	before	ADP
fsr-3739	180	12	six	six	NUM
fsr-3739	180	13	months	month	NOUN
fsr-3739	180	14	,	,	PUNCT
fsr-3739	180	15	the	the	DET
fsr-3739	180	16	value	value	NOUN
fsr-3739	180	17	of	of	ADP
fsr-3739	180	18	the	the	DET
fsr-3739	180	19	hh	hh	PROPN
fsr-3739	180	20	bond	bond	NOUN
fsr-3739	180	21	is	be	AUX
fsr-3739	180	22	$	$	SYM
fsr-3739	180	23	1.0040	1.0040	NUM
fsr-3739	180	24	.	.	PUNCT
fsr-3739	181	1	some	some	DET
fsr-3739	181	2	investors	investor	NOUN
fsr-3739	181	3	place	place	VERB
fsr-3739	181	4	funds	fund	NOUN
fsr-3739	181	5	in	in	ADP
fsr-3739	181	6	money	money	NOUN
fsr-3739	181	7	market	market	NOUN
fsr-3739	181	8	funds	fund	NOUN
fsr-3739	181	9	,	,	PUNCT
fsr-3739	181	10	cds	cd	NOUN
fsr-3739	181	11	,	,	PUNCT
fsr-3739	181	12	and	and	CCONJ
fsr-3739	181	13	other	other	ADJ
fsr-3739	181	14	near	near	ADJ
fsr-3739	181	15	-	-	PUNCT
fsr-3739	181	16	cash	cash	NOUN
fsr-3739	181	17	securities	security	NOUN
fsr-3739	181	18	to	to	PART
fsr-3739	181	19	reduce	reduce	VERB
fsr-3739	181	20	their	their	PRON
fsr-3739	181	21	exposure	exposure	NOUN
fsr-3739	181	22	to	to	ADP
fsr-3739	181	23	interest	interest	NOUN
fsr-3739	181	24	rate	rate	NOUN
fsr-3739	181	25	risk	risk	NOUN
fsr-3739	181	26	.	.	PUNCT
fsr-3739	182	1	it	it	PRON
fsr-3739	182	2	is	be	AUX
fsr-3739	182	3	instructive	instructive	ADJ
fsr-3739	182	4	to	to	PART
fsr-3739	182	5	compare	compare	VERB
fsr-3739	182	6	returns	return	NOUN
fsr-3739	182	7	on	on	ADP
fsr-3739	182	8	savings	saving	NOUN
fsr-3739	182	9	bonds	bond	NOUN
fsr-3739	182	10	to	to	ADP
fsr-3739	182	11	returns	return	NOUN
fsr-3739	182	12	from	from	ADP
fsr-3739	182	13	rolling	roll	VERB
fsr-3739	182	14	over	over	ADP
fsr-3739	182	15	six	six	NUM
fsr-3739	182	16	-	-	PUNCT
fsr-3739	182	17	month	month	NOUN
fsr-3739	182	18	cds	cd	NOUN
fsr-3739	182	19	.	.	PUNCT
fsr-3739	183	1	on	on	ADP
fsr-3739	183	2	august	august	PROPN
fsr-3739	183	3	16	16	NUM
fsr-3739	183	4	,	,	PUNCT
fsr-3739	183	5	1993	1993	NUM
fsr-3739	183	6	,	,	PUNCT
fsr-3739	183	7	six	six	NUM
fsr-3739	183	8	-	-	PUNCT
fsr-3739	183	9	month	month	NOUN
fsr-3739	183	10	cd	cd	NOUN
fsr-3739	183	11	rates	rate	NOUN
fsr-3739	183	12	were	be	AUX
fsr-3739	183	13	about	about	ADV
fsr-3739	183	14	3%.5	3%.5	NUM
fsr-3739	183	15	the	the	DET
fsr-3739	183	16	ee	ee	PROPN
fsr-3739	183	17	savings	saving	NOUN
fsr-3739	183	18	bond	bond	NOUN
fsr-3739	183	19	dominates	dominate	VERB
fsr-3739	183	20	the	the	DET
fsr-3739	183	21	cd	cd	PROPN
fsr-3739	183	22	strategy	strategy	NOUN
fsr-3739	183	23	.	.	PUNCT
fsr-3739	184	1	it	it	PRON
fsr-3739	184	2	guarantees	guarantee	VERB
fsr-3739	184	3	the	the	DET
fsr-3739	184	4	larger	large	ADJ
fsr-3739	184	5	4	4	NUM
fsr-3739	184	6	%	%	NOUN
fsr-3739	184	7	annual	annual	ADJ
fsr-3739	184	8	interest	interest	NOUN
fsr-3739	184	9	rate	rate	NOUN
fsr-3739	184	10	for	for	ADP
fsr-3739	184	11	the	the	DET
fsr-3739	184	12	first	first	ADJ
fsr-3739	184	13	six	six	NUM
fsr-3739	184	14	months6	months6	NOUN
fsr-3739	184	15	it	it	PRON
fsr-3739	184	16	also	also	ADV
fsr-3739	184	17	offers	offer	VERB
fsr-3739	184	18	a	a	DET
fsr-3739	184	19	series	series	NOUN
fsr-3739	184	20	of	of	ADP
fsr-3739	184	21	contingent	contingent	NOUN
fsr-3739	184	22	,	,	PUNCT
fsr-3739	184	23	european	european	ADJ
fsr-3739	184	24	call	call	NOUN
fsr-3739	184	25	options	option	NOUN
fsr-3739	184	26	on	on	ADP
fsr-3739	184	27	interest	interest	NOUN
fsr-3739	184	28	rates	rate	NOUN
fsr-3739	184	29	.	.	PUNCT
fsr-3739	185	1	at	at	ADP
fsr-3739	185	2	the	the	DET
fsr-3739	185	3	end	end	NOUN
fsr-3739	185	4	of	of	ADP
fsr-3739	185	5	six	six	NUM
fsr-3739	185	6	months	month	NOUN
fsr-3739	185	7	,	,	PUNCT
fsr-3739	185	8	the	the	DET
fsr-3739	185	9	investor	investor	NOUN
fsr-3739	185	10	has	have	VERB
fsr-3739	185	11	the	the	DET
fsr-3739	185	12	right	right	NOUN
fsr-3739	185	13	to	to	PART
fsr-3739	185	14	reinvest	reinvest	VERB
fsr-3739	185	15	the	the	DET
fsr-3739	185	16	funds	fund	NOUN
fsr-3739	185	17	at	at	ADP
fsr-3739	185	18	4	4	NUM
fsr-3739	185	19	%	%	NOUN
fsr-3739	185	20	for	for	ADP
fsr-3739	185	21	another	another	DET
fsr-3739	185	22	six	six	NUM
fsr-3739	185	23	months	month	NOUN
fsr-3739	185	24	.	.	PUNCT
fsr-3739	186	1	at	at	ADP
fsr-3739	186	2	the	the	DET
fsr-3739	186	3	end	end	NOUN
fsr-3739	186	4	of	of	ADP
fsr-3739	186	5	the	the	DET
fsr-3739	186	6	second	second	ADJ
fsr-3739	186	7	six	six	NUM
fsr-3739	186	8	months	month	NOUN
fsr-3739	186	9	,	,	PUNCT
fsr-3739	186	10	the	the	DET
fsr-3739	186	11	investor	investor	NOUN
fsr-3739	186	12	has	have	VERB
fsr-3739	186	13	the	the	DET
fsr-3739	186	14	right	right	NOUN
fsr-3739	186	15	to	to	PART
fsr-3739	186	16	reinvest	reinvest	VERB
fsr-3739	186	17	the	the	DET
fsr-3739	186	18	funds	fund	NOUN
fsr-3739	186	19	again	again	ADV
fsr-3739	186	20	at	at	ADP
fsr-3739	186	21	4	4	NUM
fsr-3739	186	22	%	%	NOUN
fsr-3739	186	23	.	.	PUNCT
fsr-3739	187	1	in	in	ADP
fsr-3739	187	2	total	total	NOUN
fsr-3739	187	3	,	,	PUNCT
fsr-3739	187	4	the	the	DET
fsr-3739	187	5	savings	savings	NOUN
fsr-3739	187	6	bond	bond	NOUN
fsr-3739	187	7	offers	offer	VERB
fsr-3739	187	8	a	a	DET
fsr-3739	187	9	series	series	NOUN
fsr-3739	187	10	of	of	ADP
fsr-3739	187	11	35	35	NUM
fsr-3739	187	12	contingent	contingent	NOUN
fsr-3739	187	13	call	call	NOUN
fsr-3739	187	14	option	option	NOUN
fsr-3739	187	15	on	on	ADP
fsr-3739	187	16	the	the	DET
fsr-3739	187	17	interest	interest	NOUN
fsr-3739	187	18	rate	rate	NOUN
fsr-3739	187	19	at	at	ADP
fsr-3739	187	20	4	4	NUM
fsr-3739	187	21	%	%	NOUN
fsr-3739	187	22	.	.	PUNCT
fsr-3739	188	1	if	if	SCONJ
fsr-3739	188	2	an	an	DET
fsr-3739	188	3	investor	investor	NOUN
fsr-3739	188	4	ever	ever	ADV
fsr-3739	188	5	decides	decide	VERB
fsr-3739	188	6	not	not	PART
fsr-3739	188	7	to	to	PART
fsr-3739	188	8	“	"	PUNCT
fsr-3739	188	9	buy	buy	VERB
fsr-3739	188	10	”	"	PUNCT
fsr-3739	188	11	the	the	DET
fsr-3739	188	12	4	4	NUM
fsr-3739	188	13	%	%	NOUN
fsr-3739	188	14	interest	interest	NOUN
fsr-3739	188	15	rate	rate	NOUN
fsr-3739	188	16	for	for	ADP
fsr-3739	188	17	six	six	NUM
fsr-3739	188	18	months	month	NOUN
fsr-3739	188	19	(	(	PUNCT
fsr-3739	188	20	i.e.	i.e.	X
fsr-3739	188	21	,	,	PUNCT
fsr-3739	188	22	he	he	PRON
fsr-3739	188	23	or	or	CCONJ
fsr-3739	188	24	she	she	PRON
fsr-3739	188	25	exercises	exercise	VERB
fsr-3739	188	26	the	the	DET
fsr-3739	188	27	put	put	NOUN
fsr-3739	188	28	option	option	NOUN
fsr-3739	188	29	on	on	ADP
fsr-3739	188	30	bond	bond	NOUN
fsr-3739	188	31	price	price	NOUN
fsr-3739	188	32	and	and	CCONJ
fsr-3739	188	33	redeems	redeem	VERB
fsr-3739	188	34	the	the	DET
fsr-3739	188	35	bond	bond	NOUN
fsr-3739	188	36	)	)	PUNCT
fsr-3739	188	37	,	,	PUNCT
fsr-3739	188	38	then	then	ADV
fsr-3739	188	39	he	he	PRON
fsr-3739	188	40	or	or	CCONJ
fsr-3739	188	41	she	she	PRON
fsr-3739	188	42	forfeits	forfeit	VERB
fsr-3739	188	43	all	all	DET
fsr-3739	188	44	subsequent	subsequent	ADJ
fsr-3739	188	45	call	call	NOUN
fsr-3739	188	46	options	option	NOUN
fsr-3739	188	47	.	.	PUNCT
fsr-3739	189	1	table	table	NOUN
fsr-3739	189	2	4	4	NUM
fsr-3739	189	3	compares	compare	VERB
fsr-3739	189	4	returns	return	NOUN
fsr-3739	189	5	on	on	ADP
fsr-3739	189	6	the	the	DET
fsr-3739	189	7	old	old	ADJ
fsr-3739	189	8	ee	ee	NOUN
fsr-3739	189	9	bond	bond	NOUN
fsr-3739	189	10	bought	buy	VERB
fsr-3739	189	11	before	before	ADP
fsr-3739	189	12	march	march	PROPN
fsr-3739	189	13	1993	1993	NUM
fsr-3739	189	14	to	to	ADP
fsr-3739	189	15	a	a	DET
fsr-3739	189	16	strategy	strategy	NOUN
fsr-3739	189	17	of	of	ADP
fsr-3739	189	18	rolling	roll	VERB
fsr-3739	189	19	over	over	ADP
fsr-3739	189	20	six	six	NUM
fsr-3739	189	21	-	-	PUNCT
fsr-3739	189	22	month	month	NOUN
fsr-3739	189	23	cds	cd	NOUN
fsr-3739	189	24	.	.	PUNCT
fsr-3739	190	1	suppose	suppose	VERB
fsr-3739	190	2	the	the	DET
fsr-3739	190	3	ee	ee	PROPN
fsr-3739	190	4	bond	bond	PROPN
fsr-3739	190	5	,	,	PUNCT
fsr-3739	190	6	which	which	PRON
fsr-3739	190	7	promised	promise	VERB
fsr-3739	190	8	at	at	ADP
fsr-3739	190	9	least	least	ADV
fsr-3739	190	10	6	6	NUM
fsr-3739	190	11	%	%	NOUN
fsr-3739	190	12	if	if	SCONJ
fsr-3739	190	13	held	hold	VERB
fsr-3739	190	14	for	for	ADP
fsr-3739	190	15	live	live	ADJ
fsr-3739	190	16	years	year	NOUN
fsr-3739	190	17	,	,	PUNCT
fsr-3739	190	18	was	be	AUX
fsr-3739	190	19	bought	buy	VERB
fsr-3739	190	20	in	in	ADP
fsr-3739	190	21	february	february	PROPN
fsr-3739	190	22	1993	1993	NUM
fsr-3739	190	23	.	.	PUNCT
fsr-3739	191	1	at	at	ADP
fsr-3739	191	2	that	that	DET
fsr-3739	191	3	time	time	NOUN
fsr-3739	191	4	,	,	PUNCT
fsr-3739	191	5	the	the	DET
fsr-3739	191	6	six	six	NUM
fsr-3739	191	7	-	-	PUNCT
fsr-3739	191	8	month	month	NOUN
fsr-3739	191	9	redemption	redemption	NOUN
fsr-3739	191	10	value	value	NOUN
fsr-3739	191	11	on	on	ADP
fsr-3739	191	12	ee	ee	PROPN
fsr-3739	191	13	bonds	bond	NOUN
fsr-3739	191	14	translated	translate	VERB
fsr-3739	191	15	into	into	ADP
fsr-3739	191	16	a	a	DET
fsr-3739	191	17	4.16	4.16	NUM
fsr-3739	191	18	%	%	NOUN
fsr-3739	191	19	interest	interest	NOUN
fsr-3739	191	20	rate	rate	NOUN
fsr-3739	191	21	,	,	PUNCT
fsr-3739	191	22	or	or	CCONJ
fsr-3739	191	23	about	about	ADV
fsr-3739	191	24	1.4	1.4	NUM
fsr-3739	191	25	%	%	NOUN
fsr-3739	191	26	above	above	ADP
fsr-3739	191	27	the	the	DET
fsr-3739	191	28	then	then	ADV
fsr-3739	191	29	-	-	PUNCT
fsr-3739	191	30	current	current	ADJ
fsr-3739	191	31	six	six	NUM
fsr-3739	191	32	-	-	PUNCT
fsr-3739	191	33	month	month	NOUN
fsr-3739	191	34	cd	cd	NOUN
fsr-3739	191	35	rates	rate	NOUN
fsr-3739	191	36	.	.	PUNCT
fsr-3739	192	1	the	the	DET
fsr-3739	192	2	immediate	immediate	ADJ
fsr-3739	192	3	yield	yield	NOUN
fsr-3739	192	4	advantage	advantage	NOUN
fsr-3739	192	5	was	be	AUX
fsr-3739	192	6	just	just	ADV
fsr-3739	192	7	the	the	DET
fsr-3739	192	8	beginning	beginning	NOUN
fsr-3739	192	9	of	of	ADP
fsr-3739	192	10	the	the	DET
fsr-3739	192	11	story	story	NOUN
fsr-3739	192	12	.	.	PUNCT
fsr-3739	193	1	instead	instead	ADV
fsr-3739	193	2	of	of	ADP
fsr-3739	193	3	redeeming	redeem	VERB
fsr-3739	193	4	the	the	DET
fsr-3739	193	5	bond	bond	NOUN
fsr-3739	193	6	in	in	ADP
fsr-3739	193	7	six	six	NUM
fsr-3739	193	8	months	month	NOUN
fsr-3739	193	9	(	(	PUNCT
fsr-3739	193	10	i.e.	i.e.	X
fsr-3739	193	11	,	,	PUNCT
fsr-3739	193	12	august	august	PROPN
fsr-3739	193	13	1993	1993	NUM
fsr-3739	193	14	)	)	PUNCT
fsr-3739	193	15	.	.	PUNCT
fsr-3739	194	1	the	the	DET
fsr-3739	194	2	investor	investor	NOUN
fsr-3739	194	3	had	have	VERB
fsr-3739	194	4	the	the	DET
fsr-3739	194	5	option	option	NOUN
fsr-3739	194	6	to	to	PART
fsr-3739	194	7	hold	hold	VERB
fsr-3739	194	8	it	it	PRON
fsr-3739	194	9	for	for	ADP
fsr-3739	194	10	a	a	DET
fsr-3739	194	11	second	second	ADJ
fsr-3739	194	12	six	six	NUM
fsr-3739	194	13	months	month	NOUN
fsr-3739	194	14	and	and	CCONJ
fsr-3739	194	15	earn	earn	VERB
fsr-3739	194	16	a	a	DET
fsr-3739	194	17	4.39	4.39	NUM
fsr-3739	194	18	%	%	NOUN
fsr-3739	194	19	annual	annual	ADJ
fsr-3739	194	20	interest	interest	NOUN
fsr-3739	194	21	rate	rate	NOUN
fsr-3739	194	22	,	,	PUNCT
fsr-3739	194	23	[	[	X
fsr-3739	194	24	(	(	PUNCT
fsr-3739	194	25	(	(	PUNCT
fsr-3739	194	26	$	$	SYM
fsr-3739	194	27	521.60	521.60	NUM
fsr-3739	194	28	$	$	SYM
fsr-3739	194	29	510.40	510.40	NUM
fsr-3739	194	30	)	)	PUNCT
fsr-3739	194	31	/	/	PUNCT
fsr-3739	194	32	$	$	SYM
fsr-3739	194	33	5	5	NUM
fsr-3739	194	34	10.40	10.40	NUM
fsr-3739	194	35	)	)	PUNCT
fsr-3739	194	36	x	x	PUNCT
fsr-3739	194	37	21	21	NUM
fsr-3739	194	38	.	.	PUNCT
fsr-3739	195	1	since	since	SCONJ
fsr-3739	195	2	cd	cd	NOUN
fsr-3739	195	3	rates	rate	NOUN
fsr-3739	195	4	in	in	ADP
fsr-3739	195	5	august	august	PROPN
fsr-3739	195	6	1993	1993	NUM
fsr-3739	195	7	were	be	AUX
fsr-3739	195	8	about	about	ADV
fsr-3739	195	9	3	3	NUM
fsr-3739	195	10	%	%	NOUN
fsr-3739	195	11	,	,	PUNCT
fsr-3739	195	12	the	the	DET
fsr-3739	195	13	investor	investor	NOUN
fsr-3739	195	14	should	should	AUX
fsr-3739	195	15	have	have	AUX
fsr-3739	195	16	opted	opt	VERB
fsr-3739	195	17	to	to	PART
fsr-3739	195	18	hold	hold	VERB
fsr-3739	195	19	the	the	DET
fsr-3739	195	20	ee	ee	PROPN
fsr-3739	195	21	bond	bond	NOUN
fsr-3739	195	22	and	and	CCONJ
fsr-3739	195	23	earn	earn	VERB
fsr-3739	195	24	the	the	DET
fsr-3739	195	25	4.39	4.39	NUM
fsr-3739	195	26	%	%	NOUN
fsr-3739	195	27	yield	yield	NOUN
fsr-3739	195	28	.	.	PUNCT
fsr-3739	196	1	table	table	NOUN
fsr-3739	196	2	4	4	NUM
fsr-3739	196	3	shows	show	VERB
fsr-3739	196	4	the	the	DET
fsr-3739	196	5	redemption	redemption	NOUN
fsr-3739	196	6	value	value	NOUN
fsr-3739	196	7	after	after	ADP
fsr-3739	196	8	each	each	DET
fsr-3739	196	9	six	six	NUM
fsr-3739	196	10	-	-	PUNCT
fsr-3739	196	11	month	month	NOUN
fsr-3739	196	12	period	period	NOUN
fsr-3739	196	13	as	as	ADV
fsr-3739	196	14	well	well	ADV
fsr-3739	196	15	as	as	ADP
fsr-3739	196	16	the	the	DET
fsr-3739	196	17	interest	interest	NOUN
fsr-3739	196	18	rate	rate	NOUN
fsr-3739	196	19	on	on	ADP
fsr-3739	196	20	the	the	DET
fsr-3739	196	21	next	next	ADJ
fsr-3739	196	22	six	six	NUM
fsr-3739	196	23	-	-	PUNCT
fsr-3739	196	24	month	month	NOUN
fsr-3739	196	25	interest	interest	NOUN
fsr-3739	196	26	rate	rate	NOUN
fsr-3739	196	27	option	option	NOUN
fsr-3739	196	28	.	.	PUNCT
fsr-3739	197	1	for	for	ADP
fsr-3739	197	2	example	example	NOUN
fsr-3739	197	3	,	,	PUNCT
fsr-3739	197	4	in	in	ADP
fsr-3739	197	5	february	february	PROPN
fsr-3739	197	6	1994	1994	NUM
fsr-3739	197	7	the	the	DET
fsr-3739	197	8	investor	investor	NOUN
fsr-3739	197	9	had	have	VERB
fsr-3739	197	10	the	the	DET
fsr-3739	197	11	option	option	NOUN
fsr-3739	197	12	of	of	ADP
fsr-3739	197	13	cashing	cash	VERB
fsr-3739	197	14	in	in	ADP
fsr-3739	197	15	the	the	DET
fsr-3739	197	16	bond	bond	NOUN
fsr-3739	197	17	at	at	ADP
fsr-3739	197	18	$	$	SYM
fsr-3739	197	19	521.60	521.60	NUM
fsr-3739	197	20	or	or	CCONJ
fsr-3739	197	21	accepting	accept	VERB
fsr-3739	197	22	the	the	DET
fsr-3739	197	23	4.75	4.75	NUM
fsr-3739	197	24	%	%	NOUN
fsr-3739	197	25	interest	interest	NOUN
fsr-3739	197	26	rate	rate	NOUN
fsr-3739	197	27	option	option	NOUN
fsr-3739	197	28	-	-	PUNCT
fsr-3739	197	29	that	that	ADV
fsr-3739	197	30	is	be	AUX
fsr-3739	197	31	,	,	PUNCT
fsr-3739	197	32	holding	hold	VERB
fsr-3739	197	33	the	the	DET
fsr-3739	197	34	bond	bond	NOUN
fsr-3739	197	35	for	for	ADP
fsr-3739	197	36	another	another	DET
fsr-3739	197	37	six	six	NUM
fsr-3739	197	38	months	month	NOUN
fsr-3739	197	39	and	and	CCONJ
fsr-3739	197	40	earning	earn	VERB
fsr-3739	197	41	4.75	4.75	NUM
fsr-3739	197	42	%	%	NOUN
fsr-3739	197	43	.	.	PUNCT
fsr-3739	198	1	interest	interest	NOUN
fsr-3739	198	2	rates	rate	NOUN
fsr-3739	198	3	on	on	ADP
fsr-3739	198	4	the	the	DET
fsr-3739	198	5	series	series	NOUN
fsr-3739	198	6	of	of	ADP
fsr-3739	198	7	options	option	NOUN
fsr-3739	198	8	rise	rise	VERB
fsr-3739	198	9	until	until	SCONJ
fsr-3739	198	10	they	they	PRON
fsr-3739	198	11	peak	peak	VERB
fsr-3739	198	12	4.5	4.5	NUM
fsr-3739	198	13	years	year	NOUN
fsr-3739	198	14	after	after	ADP
fsr-3739	198	15	issue	issue	NOUN
fsr-3739	198	16	at	at	ADP
fsr-3739	198	17	8.18	8.18	NUM
fsr-3739	198	18	%	%	NOUN
fsr-3739	198	19	.	.	PUNCT
fsr-3739	199	1	between	between	ADP
fsr-3739	199	2	years	year	NOUN
fsr-3739	199	3	5	5	NUM
fsr-3739	199	4	and	and	CCONJ
fsr-3739	199	5	12	12	NUM
fsr-3739	199	6	,	,	PUNCT
fsr-3739	199	7	the	the	DET
fsr-3739	199	8	redemption	redemption	NOUN
fsr-3739	199	9	values	value	NOUN
fsr-3739	199	10	grows	grow	VERB
fsr-3739	199	11	at	at	ADP
fsr-3739	199	12	a	a	DET
fsr-3739	199	13	guaranteed	guarantee	VERB
fsr-3739	199	14	minimum	minimum	NOUN
fsr-3739	199	15	rate	rate	NOUN
fsr-3739	199	16	of	of	ADP
fsr-3739	199	17	6	6	NUM
fsr-3739	199	18	%	%	NOUN
fsr-3739	199	19	.	.	PUNCT
fsr-3739	200	1	the	the	DET
fsr-3739	200	2	ee	ee	PROPN
fsr-3739	200	3	contract	contract	NOUN
fsr-3739	200	4	in	in	ADP
fsr-3739	200	5	february	february	PROPN
fsr-3739	200	6	1993	1993	NUM
fsr-3739	200	7	offered	offer	VERB
fsr-3739	200	8	investors	investor	NOUN
fsr-3739	200	9	a	a	DET
fsr-3739	200	10	real	real	ADJ
fsr-3739	200	11	bargain	bargain	NOUN
fsr-3739	200	12	compared	compare	VERB
fsr-3739	200	13	to	to	ADP
fsr-3739	200	14	money	money	NOUN
fsr-3739	200	15	market	market	NOUN
fsr-3739	200	16	investments	investment	NOUN
fsr-3739	200	17	.	.	PUNCT
fsr-3739	201	1	first	first	ADV
fsr-3739	201	2	,	,	PUNCT
fsr-3739	201	3	it	it	PRON
fsr-3739	201	4	guaranteed	guarantee	VERB
fsr-3739	201	5	a	a	DET
fsr-3739	201	6	higher	high	ADJ
fsr-3739	201	7	initial	initial	ADJ
fsr-3739	201	8	six	six	NUM
fsr-3739	201	9	-	-	PUNCT
fsr-3739	201	10	month	month	NOUN
fsr-3739	201	11	yield	yield	NOUN
fsr-3739	201	12	.	.	PUNCT
fsr-3739	202	1	second	second	ADJ
fsr-3739	202	2	,	,	PUNCT
fsr-3739	202	3	their	their	PRON
fsr-3739	202	4	redemption	redemption	NOUN
fsr-3739	202	5	values	value	NOUN
fsr-3739	202	6	implied	imply	VERB
fsr-3739	202	7	a	a	DET
fsr-3739	202	8	series	series	NOUN
fsr-3739	202	9	of	of	ADP
fsr-3739	202	10	interest	interest	NOUN
fsr-3739	202	11	rate	rate	NOUN
fsr-3739	202	12	call	call	NOUN
fsr-3739	202	13	options	option	NOUN
fsr-3739	202	14	,	,	PUNCT
fsr-3739	202	15	which	which	PRON
fsr-3739	202	16	protect	protect	VERB
fsr-3739	202	17	the	the	DET
fsr-3739	202	18	investor	investor	NOUN
fsr-3739	202	19	against	against	ADP
fsr-3739	202	20	falling	fall	VERB
fsr-3739	202	21	interest	interest	NOUN
fsr-3739	202	22	rates	rate	NOUN
fsr-3739	202	23	.	.	PUNCT
fsr-3739	203	1	these	these	DET
fsr-3739	203	2	investors	investor	NOUN
fsr-3739	203	3	may	may	AUX
fsr-3739	203	4	enjoy	enjoy	VERB
fsr-3739	203	5	above	above	ADP
fsr-3739	203	6	-	-	PUNCT
fsr-3739	203	7	market	market	NOUN
fsr-3739	203	8	yields	yield	NOUN
fsr-3739	203	9	for	for	ADP
fsr-3739	203	10	12	12	NUM
fsr-3739	203	11	years	year	NOUN
fsr-3739	203	12	.	.	PUNCT
fsr-3739	204	1	third	third	ADV
fsr-3739	204	2	,	,	PUNCT
fsr-3739	204	3	the	the	DET
fsr-3739	204	4	put	put	NOUN
fsr-3739	204	5	option	option	NOUN
fsr-3739	204	6	provided	provide	VERB
fsr-3739	204	7	protection	protection	NOUN
fsr-3739	204	8	against	against	ADP
fsr-3739	204	9	a	a	DET
fsr-3739	204	10	rise	rise	NOUN
fsr-3739	204	11	in	in	ADP
fsr-3739	204	12	interest	interest	NOUN
fsr-3739	204	13	rates	rate	NOUN
fsr-3739	204	14	.	.	PUNCT
fsr-3739	205	1	finally	finally	ADV
fsr-3739	205	2	,	,	PUNCT
fsr-3739	205	3	the	the	DET
fsr-3739	205	4	ee	ee	NOUN
fsr-3739	205	5	-	-	PUNCT
fsr-3739	205	6	bond	bond	NOUN
fsr-3739	205	7	offers	offer	VERB
fsr-3739	205	8	the	the	DET
fsr-3739	205	9	tax	tax	NOUN
fsr-3739	205	10	options	option	NOUN
fsr-3739	205	11	that	that	PRON
fsr-3739	205	12	are	be	AUX
fsr-3739	205	13	not	not	PART
fsr-3739	205	14	available	available	ADJ
fsr-3739	205	15	on	on	ADP
fsr-3739	205	16	cds	cd	NOUN
fsr-3739	205	17	.	.	PUNCT
fsr-3739	206	1	the	the	DET
fsr-3739	206	2	4	4	NUM
fsr-3739	206	3	%	%	NOUN
fsr-3739	206	4	ee	ee	NOUN
fsr-3739	206	5	-	-	PUNCT
fsr-3739	206	6	series	series	NOUN
fsr-3739	206	7	savings	saving	NOUN
fsr-3739	206	8	bond	bond	NOUN
fsr-3739	206	9	is	be	AUX
fsr-3739	206	10	not	not	PART
fsr-3739	206	11	as	as	ADV
fsr-3739	206	12	attractive	attractive	ADJ
fsr-3739	206	13	as	as	ADP
fsr-3739	206	14	the	the	DET
fsr-3739	206	15	6	6	NUM
fsr-3739	206	16	%	%	NOUN
fsr-3739	206	17	ee	ee	ADP
fsr-3739	206	18	bond	bond	NOUN
fsr-3739	206	19	.	.	PUNCT
fsr-3739	207	1	however	however	ADV
fsr-3739	207	2	,	,	PUNCT
fsr-3739	207	3	it	it	PRON
fsr-3739	207	4	continued	continue	VERB
fsr-3739	207	5	to	to	PART
fsr-3739	207	6	offer	offer	VERB
fsr-3739	207	7	investors	investor	NOUN
fsr-3739	207	8	a	a	DET
fsr-3739	207	9	better	well	ADJ
fsr-3739	207	10	return	return	NOUN
fsr-3739	207	11	than	than	ADP
fsr-3739	207	12	money	money	NOUN
fsr-3739	207	13	market	market	NOUN
fsr-3739	207	14	investments	investment	NOUN
fsr-3739	207	15	through	through	ADP
fsr-3739	207	16	march	march	PROPN
fsr-3739	207	17	1994	1994	NUM
fsr-3739	207	18	.	.	PUNCT
fsr-3739	208	1	50	50	NUM
fsr-3739	208	2	financial	financial	ADJ
fsr-3739	208	3	services	service	NOUN
fsr-3739	208	4	review	review	VERB
fsr-3739	208	5	4	4	NUM
fsr-3739	208	6	(	(	PUNCT
fsr-3739	208	7	1	1	NUM
fsr-3739	208	8	)	)	PUNCT
fsr-3739	208	9	1995	1995	NUM
fsr-3739	208	10	table	table	NOUN
fsr-3739	208	11	4	4	NUM
fsr-3739	208	12	comparing	compare	VERB
fsr-3739	208	13	interest	interest	NOUN
fsr-3739	208	14	rates	rate	NOUN
fsr-3739	208	15	on	on	ADP
fsr-3739	208	16	six	six	NUM
fsr-3739	208	17	-	-	PUNCT
fsr-3739	208	18	month	month	NOUN
fsr-3739	208	19	cd	cd	NOUN
fsr-3739	208	20	and	and	CCONJ
fsr-3739	208	21	ee	ee	ADP
fsr-3739	208	22	bond	bond	PROPN
fsr-3739	208	23	:	:	PUNCT
fsr-3739	208	24	february	february	PROPN
fsr-3739	208	25	1993	1993	NUM
fsr-3739	208	26	period	period	NOUN
fsr-3739	208	27	afrer	afrer	NOUN
fsr-3739	208	28	issue	issue	NOUN
fsr-3739	208	29	date	date	NOUN
fsr-3739	208	30	cd	cd	PROPN
fsr-3739	208	31	rate	rate	NOUN
fsr-3739	208	32	ee	ee	PROPN
fsr-3739	208	33	redemption	redemption	NOUN
fsr-3739	208	34	value	value	NOUN
fsr-3739	208	35	ee	ee	NOUN
fsr-3739	208	36	rate	rate	NOUN
fsr-3739	208	37	(	(	PUNCT
fsr-3739	208	38	in	in	ADP
fsr-3739	208	39	dollars	dollar	NOUN
fsr-3739	208	40	)	)	PUNCT
fsr-3739	208	41	(	(	PUNCT
fsr-3739	208	42	beginning	begin	VERB
fsr-3739	208	43	of	of	ADP
fsr-3739	208	44	period)(%	period)(%	ADV
fsr-3739	208	45	)	)	PUNCT
fsr-3739	208	46	at	at	ADP
fsr-3739	208	47	issue	issue	NOUN
fsr-3739	208	48	0.5	0.5	NUM
fsr-3739	208	49	year	year	NOUN
fsr-3739	208	50	1	1	NUM
fsr-3739	208	51	.o	.o	NOUN
fsr-3739	208	52	year	year	NOUN
fsr-3739	208	53	1.5	1.5	NUM
fsr-3739	208	54	years	year	NOUN
fsr-3739	208	55	2.0	2.0	NUM
fsr-3739	208	56	years	year	NOUN
fsr-3739	208	57	2.5	2.5	NUM
fsr-3739	208	58	years	year	NOUN
fsr-3739	208	59	3.0	3.0	NUM
fsr-3739	208	60	years	year	NOUN
fsr-3739	208	61	3.5	3.5	NUM
fsr-3739	208	62	years	year	NOUN
fsr-3739	208	63	4.0	4.0	NUM
fsr-3739	208	64	years	year	NOUN
fsr-3739	208	65	4.5	4.5	NUM
fsr-3739	208	66	years	year	NOUN
fsr-3739	208	67	5.0	5.0	NUM
fsr-3739	208	68	years	year	NOUN
fsr-3739	208	69	5.5	5.5	NUM
fsr-3739	208	70	to	to	PART
fsr-3739	208	71	11.5	11.5	NUM
fsr-3739	208	72	years	year	NOUN
fsr-3739	208	73	12	12	NUM
fsr-3739	208	74	years	year	NOUN
fsr-3739	208	75	2.75	2.75	NUM
fsr-3739	208	76	%	%	NOUN
fsr-3739	208	77	?	?	PUNCT
fsr-3739	208	78	?	?	PUNCT
fsr-3739	208	79	?	?	PUNCT
fsr-3739	208	80	?	?	PUNCT
fsr-3739	208	81	?	?	PUNCT
fsr-3739	208	82	?	?	PUNCT
fsr-3739	208	83	?	?	PUNCT
fsr-3739	209	1	5cq.00	5cq.00	NUM
fsr-3739	210	1	510.40	510.40	NUM
fsr-3739	210	2	521.60	521.60	NUM
fsr-3739	210	3	534.00	534.00	NUM
fsr-3739	210	4	548.00	548.00	NUM
fsr-3739	210	5	563.00	563.00	NUM
fsr-3739	210	6	580.00	580.00	NUM
fsr-3739	210	7	599.60	599.60	NUM
fsr-3739	210	8	621.20	621.20	NUM
fsr-3739	210	9	645.60	645.60	NUM
fsr-3739	210	10	672.00	672.00	NUM
fsr-3739	210	11	1.016.40	1.016.40	NUM
fsr-3739	210	12	4.16	4.16	NUM
fsr-3739	210	13	%	%	NOUN
fsr-3739	210	14	4.39	4.39	NUM
fsr-3739	210	15	%	%	NOUN
fsr-3739	210	16	4.75	4.75	NUM
fsr-3739	210	17	%	%	NOUN
fsr-3739	210	18	5.24	5.24	NUM
fsr-3739	210	19	%	%	NOUN
fsr-3739	210	20	5.55	5.55	NUM
fsr-3739	210	21	5.97	5.97	NUM
fsr-3739	210	22	6.76	6.76	NUM
fsr-3739	210	23	7.20	7.20	NUM
fsr-3739	210	24	7.86	7.86	NUM
fsr-3739	210	25	8.18	8.18	NUM
fsr-3739	210	26	6.00	6.00	NUM
fsr-3739	210	27	6.00	6.00	NUM
fsr-3739	210	28	no	no	DET
fsr-3739	210	29	guaranty	guaranty	NOUN
fsr-3739	210	30	*	*	PUNCT
fsr-3739	210	31	note	note	NOUN
fsr-3739	210	32	:	:	PUNCT
fsr-3739	210	33	*	*	PUNCT
fsr-3739	210	34	no	no	DET
fsr-3739	210	35	guaranty	guaranty	NOUN
fsr-3739	210	36	:	:	PUNCT
fsr-3739	210	37	the	the	DET
fsr-3739	210	38	guaranteed	guarantee	VERB
fsr-3739	210	39	interest	interest	NOUN
fsr-3739	210	40	rate	rate	NOUN
fsr-3739	210	41	ends	end	VERB
fsr-3739	210	42	12	12	NUM
fsr-3739	210	43	years	year	NOUN
fsr-3739	210	44	after	after	ADP
fsr-3739	210	45	issue	issue	NOUN
fsr-3739	210	46	.	.	PUNCT
fsr-3739	211	1	b.	b.	PROPN
fsr-3739	211	2	one	one	NUM
fsr-3739	211	3	-	-	PUNCT
fsr-3739	211	4	year	year	NOUN
fsr-3739	211	5	horizon	horizon	NOUN
fsr-3739	211	6	let	let	VERB
fsr-3739	211	7	us	we	PRON
fsr-3739	211	8	compare	compare	VERB
fsr-3739	211	9	the	the	DET
fsr-3739	211	10	returns	return	NOUN
fsr-3739	211	11	on	on	ADP
fsr-3739	211	12	three	three	NUM
fsr-3739	211	13	investment	investment	NOUN
fsr-3739	211	14	strategies	strategy	NOUN
fsr-3739	211	15	as	as	ADP
fsr-3739	211	16	of	of	ADP
fsr-3739	211	17	august	august	PROPN
fsr-3739	211	18	1993	1993	NUM
fsr-3739	211	19	:	:	PUNCT
fsr-3739	212	1	l	l	NOUN
fsr-3739	212	2	buy	buy	VERB
fsr-3739	212	3	and	and	CCONJ
fsr-3739	212	4	hold	hold	VERB
fsr-3739	212	5	a	a	DET
fsr-3739	212	6	one	one	NUM
fsr-3739	212	7	-	-	PUNCT
fsr-3739	212	8	year	year	NOUN
fsr-3739	212	9	,	,	PUNCT
fsr-3739	212	10	coupon	coupon	NOUN
fsr-3739	212	11	-	-	PUNCT
fsr-3739	212	12	bearing	bear	VERB
fsr-3739	212	13	note	note	NOUN
fsr-3739	212	14	yielding	yield	VERB
fsr-3739	212	15	3.39	3.39	NUM
fsr-3739	212	16	%	%	NOUN
fsr-3739	212	17	;	;	PUNCT
fsr-3739	212	18	l	l	NOUN
fsr-3739	212	19	buy	buy	VERB
fsr-3739	212	20	a	a	DET
fsr-3739	212	21	4	4	NUM
fsr-3739	212	22	%	%	NOUN
fsr-3739	212	23	coupon	coupon	NOUN
fsr-3739	212	24	savings	saving	NOUN
fsr-3739	212	25	bond	bond	NOUN
fsr-3739	212	26	,	,	PUNCT
fsr-3739	212	27	redeem	redeem	VERB
fsr-3739	212	28	it	it	PRON
fsr-3739	212	29	in	in	ADP
fsr-3739	212	30	one	one	NUM
fsr-3739	212	31	year	year	NOUN
fsr-3739	212	32	;	;	PUNCT
fsr-3739	212	33	or	or	CCONJ
fsr-3739	212	34	l	l	NOUN
fsr-3739	212	35	buy	buy	VERB
fsr-3739	212	36	a	a	DET
fsr-3739	212	37	4	4	NUM
fsr-3739	212	38	%	%	NOUN
fsr-3739	212	39	coupon	coupon	NOUN
fsr-3739	212	40	savings	saving	NOUN
fsr-3739	212	41	bond	bond	NOUN
fsr-3739	212	42	,	,	PUNCT
fsr-3739	212	43	redeem	redeem	VERB
fsr-3739	212	44	it	it	PRON
fsr-3739	212	45	at	at	ADP
fsr-3739	212	46	par	par	NOUN
fsr-3739	212	47	in	in	ADP
fsr-3739	212	48	six	six	NUM
fsr-3739	212	49	months	month	NOUN
fsr-3739	212	50	,	,	PUNCT
fsr-3739	212	51	and	and	CCONJ
fsr-3739	212	52	reinvest	reinvest	VERB
fsr-3739	212	53	at	at	ADP
fsr-3739	212	54	that	that	DET
fsr-3739	212	55	time	time	NOUN
fsr-3739	212	56	in	in	ADP
fsr-3739	212	57	a	a	DET
fsr-3739	212	58	six	six	NUM
fsr-3739	212	59	-	-	PUNCT
fsr-3739	212	60	month	month	NOUN
fsr-3739	212	61	treasury	treasury	NOUN
fsr-3739	212	62	bill	bill	NOUN
fsr-3739	212	63	.	.	PUNCT
fsr-3739	213	1	the	the	DET
fsr-3739	213	2	second	second	ADJ
fsr-3739	213	3	strategy	strategy	NOUN
fsr-3739	213	4	dominates	dominate	VERB
fsr-3739	213	5	the	the	DET
fsr-3739	213	6	first	first	ADJ
fsr-3739	213	7	;	;	PUNCT
fsr-3739	213	8	the	the	DET
fsr-3739	213	9	straight	straight	ADJ
fsr-3739	213	10	debt	debt	NOUN
fsr-3739	213	11	value	value	NOUN
fsr-3739	213	12	of	of	ADP
fsr-3739	213	13	the	the	DET
fsr-3739	213	14	savings	saving	NOUN
fsr-3739	213	15	bond	bond	NOUN
fsr-3739	213	16	is	be	AUX
fsr-3739	213	17	$	$	SYM
fsr-3739	213	18	1.0059.7	1.0059.7	NUM
fsr-3739	213	19	the	the	DET
fsr-3739	213	20	value	value	NOUN
fsr-3739	213	21	of	of	ADP
fsr-3739	213	22	the	the	DET
fsr-3739	213	23	put	put	NOUN
fsr-3739	213	24	option	option	NOUN
fsr-3739	213	25	reflects	reflect	VERB
fsr-3739	213	26	the	the	DET
fsr-3739	213	27	ability	ability	NOUN
fsr-3739	213	28	to	to	PART
fsr-3739	213	29	choose	choose	VERB
fsr-3739	213	30	between	between	ADP
fsr-3739	213	31	the	the	DET
fsr-3739	213	32	second	second	ADJ
fsr-3739	213	33	and	and	CCONJ
fsr-3739	213	34	third	third	ADJ
fsr-3739	213	35	strategies	strategy	NOUN
fsr-3739	213	36	-	-	PUNCT
fsr-3739	213	37	that	that	ADV
fsr-3739	213	38	is	be	AUX
fsr-3739	213	39	,	,	PUNCT
fsr-3739	213	40	the	the	DET
fsr-3739	213	41	choice	choice	NOUN
fsr-3739	213	42	to	to	PART
fsr-3739	213	43	be	be	AUX
fsr-3739	213	44	made	make	VERB
fsr-3739	213	45	in	in	ADP
fsr-3739	213	46	february	february	PROPN
fsr-3739	213	47	1994	1994	NUM
fsr-3739	213	48	between	between	ADP
fsr-3739	213	49	accepting	accept	VERB
fsr-3739	213	50	the	the	DET
fsr-3739	213	51	4	4	NUM
fsr-3739	213	52	%	%	NOUN
fsr-3739	213	53	(	(	PUNCT
fsr-3739	213	54	annual	annual	ADJ
fsr-3739	213	55	)	)	PUNCT
fsr-3739	213	56	coupon	coupon	NOUN
fsr-3739	213	57	on	on	ADP
fsr-3739	213	58	the	the	DET
fsr-3739	213	59	savings	saving	NOUN
fsr-3739	213	60	bond	bond	NOUN
fsr-3739	213	61	or	or	CCONJ
fsr-3739	213	62	the	the	DET
fsr-3739	213	63	then	then	ADV
fsr-3739	213	64	-	-	PUNCT
fsr-3739	213	65	current	current	ADJ
fsr-3739	213	66	six	six	NUM
fsr-3739	213	67	-	-	PUNCT
fsr-3739	213	68	month	month	NOUN
fsr-3739	213	69	treasury	treasury	NOUN
fsr-3739	213	70	yield	yield	NOUN
fsr-3739	213	71	.	.	PUNCT
fsr-3739	214	1	to	to	PART
fsr-3739	214	2	value	value	VERB
fsr-3739	214	3	the	the	DET
fsr-3739	214	4	put	put	NOUN
fsr-3739	214	5	option	option	NOUN
fsr-3739	214	6	,	,	PUNCT
fsr-3739	214	7	notice	notice	VERB
fsr-3739	214	8	that	that	SCONJ
fsr-3739	214	9	a	a	DET
fsr-3739	214	10	put	put	NOUN
fsr-3739	214	11	option	option	NOUN
fsr-3739	214	12	on	on	ADP
fsr-3739	214	13	bond	bond	NOUN
fsr-3739	214	14	price	price	NOUN
fsr-3739	214	15	is	be	AUX
fsr-3739	214	16	identical	identical	ADJ
fsr-3739	214	17	to	to	ADP
fsr-3739	214	18	a	a	DET
fsr-3739	214	19	call	call	NOUN
fsr-3739	214	20	option	option	NOUN
fsr-3739	214	21	on	on	ADP
fsr-3739	214	22	interest	interest	NOUN
fsr-3739	214	23	rate	rate	NOUN
fsr-3739	214	24	.	.	PUNCT
fsr-3739	215	1	it	it	PRON
fsr-3739	215	2	gives	give	VERB
fsr-3739	215	3	the	the	DET
fsr-3739	215	4	bondholder	bondholder	NOUN
fsr-3739	215	5	the	the	DET
fsr-3739	215	6	right	right	NOUN
fsr-3739	215	7	to	to	PART
fsr-3739	215	8	buy	buy	VERB
fsr-3739	215	9	a	a	DET
fsr-3739	215	10	$	$	SYM
fsr-3739	215	11	1	1	NUM
fsr-3739	215	12	par	par	NOUN
fsr-3739	215	13	value	value	NOUN
fsr-3739	215	14	,	,	PUNCT
fsr-3739	215	15	pure	pure	ADJ
fsr-3739	215	16	discount	discount	NOUN
fsr-3739	215	17	,	,	PUNCT
fsr-3739	215	18	six	six	NUM
fsr-3739	215	19	-	-	PUNCT
fsr-3739	215	20	month	month	NOUN
fsr-3739	215	21	bond	bond	NOUN
fsr-3739	215	22	in	in	ADP
fsr-3739	215	23	february	february	PROPN
fsr-3739	215	24	1994	1994	NUM
fsr-3739	215	25	at	at	ADP
fsr-3739	215	26	$	$	SYM
fsr-3739	215	27	.9804	.9804	NOUN
fsr-3739	215	28	[	[	PUNCT
fsr-3739	215	29	$	$	SYM
fsr-3739	215	30	1	1	NUM
fsr-3739	215	31	/	/	SYM
fsr-3739	215	32	l	l	NOUN
fsr-3739	215	33	.02]-that	.02]-that	PRON
fsr-3739	215	34	is	be	AUX
fsr-3739	215	35	,	,	PUNCT
fsr-3739	215	36	to	to	PART
fsr-3739	215	37	buy	buy	VERB
fsr-3739	215	38	a	a	DET
fsr-3739	215	39	4	4	NUM
fsr-3739	215	40	%	%	NOUN
fsr-3739	215	41	annual	annual	ADJ
fsr-3739	215	42	interest	interest	NOUN
fsr-3739	215	43	rate	rate	NOUN
fsr-3739	215	44	for	for	ADP
fsr-3739	215	45	six	six	NUM
fsr-3739	215	46	months	month	NOUN
fsr-3739	215	47	.	.	PUNCT
fsr-3739	216	1	we	we	PRON
fsr-3739	216	2	will	will	AUX
fsr-3739	216	3	use	use	VERB
fsr-3739	216	4	current	current	ADJ
fsr-3739	216	5	treasury	treasury	PROPN
fsr-3739	216	6	strip	strip	NOUN
fsr-3739	216	7	prices	price	NOUN
fsr-3739	216	8	to	to	PART
fsr-3739	216	9	value	value	VERB
fsr-3739	216	10	a	a	DET
fsr-3739	216	11	call	call	NOUN
fsr-3739	216	12	option	option	NOUN
fsr-3739	216	13	on	on	ADP
fsr-3739	216	14	a	a	DET
fsr-3739	216	15	forward	forward	ADJ
fsr-3739	216	16	contract	contract	NOUN
fsr-3739	216	17	that	that	PRON
fsr-3739	216	18	allows	allow	VERB
fsr-3739	216	19	an	an	DET
fsr-3739	216	20	investor	investor	NOUN
fsr-3739	216	21	to	to	PART
fsr-3739	216	22	buy	buy	VERB
fsr-3739	216	23	in	in	ADP
fsr-3739	216	24	february	february	PROPN
fsr-3739	216	25	1994	1994	NUM
fsr-3739	216	26	a	a	DET
fsr-3739	216	27	$	$	SYM
fsr-3739	216	28	1	1	NUM
fsr-3739	216	29	pure	pure	ADJ
fsr-3739	216	30	discount	discount	NOUN
fsr-3739	216	31	bond	bond	NOUN
fsr-3739	216	32	maturing	mature	VERB
fsr-3739	216	33	in	in	ADP
fsr-3739	216	34	august	august	PROPN
fsr-3739	216	35	1994	1994	NUM
fsr-3739	216	36	.	.	PUNCT
fsr-3739	217	1	based	base	VERB
fsr-3739	217	2	on	on	ADP
fsr-3739	217	3	august	august	PROPN
fsr-3739	217	4	16	16	NUM
fsr-3739	217	5	,	,	PUNCT
fsr-3739	217	6	1993	1993	NUM
fsr-3739	217	7	prices	price	NOUN
fsr-3739	217	8	,	,	PUNCT
fsr-3739	217	9	the	the	DET
fsr-3739	217	10	implied	imply	VERB
fsr-3739	217	11	six	six	NUM
fsr-3739	217	12	-	-	PUNCT
fsr-3739	217	13	month	month	NOUN
fsr-3739	217	14	forward	forward	ADJ
fsr-3739	217	15	rate	rate	NOUN
fsr-3739	217	16	between	between	ADP
fsr-3739	217	17	february	february	PROPN
fsr-3739	217	18	and	and	CCONJ
fsr-3739	217	19	august	august	PROPN
fsr-3739	217	20	1994	1994	NUM
fsr-3739	217	21	is	be	AUX
fsr-3739	217	22	1.8258	1.8258	NUM
fsr-3739	217	23	%	%	NOUN
fsr-3739	217	24	and	and	CCONJ
fsr-3739	217	25	the	the	DET
fsr-3739	217	26	corresponding	correspond	VERB
fsr-3739	217	27	price	price	NOUN
fsr-3739	217	28	on	on	ADP
fsr-3739	217	29	the	the	DET
fsr-3739	217	30	forward	forward	ADJ
fsr-3739	217	31	contract	contract	NOUN
fsr-3739	217	32	is	be	AUX
fsr-3739	217	33	$	$	SYM
fsr-3739	217	34	.9821.8	.9821.8	PUNCT
fsr-3739	217	35	thus	thus	ADV
fsr-3739	217	36	,	,	PUNCT
fsr-3739	217	37	the	the	DET
fsr-3739	217	38	option	option	NOUN
fsr-3739	217	39	in	in	ADP
fsr-3739	217	40	the	the	DET
fsr-3739	217	41	bond	bond	NOUN
fsr-3739	217	42	has	have	VERB
fsr-3739	217	43	an	an	DET
fsr-3739	217	44	intrinsic	intrinsic	ADJ
fsr-3739	217	45	value	value	NOUN
fsr-3739	217	46	of	of	ADP
fsr-3739	217	47	$	$	SYM
fsr-3739	217	48	.0017	.0017	NOUN
fsr-3739	217	49	,	,	PUNCT
fsr-3739	217	50	or	or	CCONJ
fsr-3739	217	51	$	$	SYM
fsr-3739	217	52	.982	.982	NUM
fsr-3739	217	53	1	1	NUM
fsr-3739	217	54	$	$	SYM
fsr-3739	217	55	.9804	.9804	NOUN
fsr-3739	217	56	.	.	PUNCT
fsr-3739	218	1	its	its	PRON
fsr-3739	218	2	actual	actual	ADJ
fsr-3739	218	3	option	option	NOUN
fsr-3739	218	4	value	value	NOUN
fsr-3739	218	5	would	would	AUX
fsr-3739	218	6	exceed	exceed	VERB
fsr-3739	218	7	this	this	DET
fsr-3739	218	8	amount	amount	NOUN
fsr-3739	218	9	due	due	ADJ
fsr-3739	218	10	to	to	ADP
fsr-3739	218	11	its	its	PRON
fsr-3739	218	12	time	time	NOUN
fsr-3739	218	13	value	value	NOUN
fsr-3739	218	14	.	.	PUNCT
fsr-3739	219	1	we	we	PRON
fsr-3739	219	2	thus	thus	ADV
fsr-3739	219	3	conservatively	conservatively	ADV
fsr-3739	219	4	estimate	estimate	VERB
fsr-3739	219	5	the	the	DET
fsr-3739	219	6	value	value	NOUN
fsr-3739	219	7	of	of	ADP
fsr-3739	219	8	the	the	DET
fsr-3739	219	9	savings	saving	NOUN
fsr-3739	219	10	bond	bond	NOUN
fsr-3739	219	11	for	for	ADP
fsr-3739	219	12	an	an	DET
fsr-3739	219	13	investor	investor	NOUN
fsr-3739	219	14	with	with	ADP
fsr-3739	219	15	a	a	DET
fsr-3739	219	16	one	one	NUM
fsr-3739	219	17	-	-	PUNCT
fsr-3739	219	18	year	year	NOUN
fsr-3739	219	19	investment	investment	NOUN
fsr-3739	219	20	horizon	horizon	NOUN
fsr-3739	219	21	at	at	ADP
fsr-3739	219	22	vhh	vhh	NOUN
fsr-3739	219	23	=	=	VERB
fsr-3739	219	24	1.0059	1.0059	NUM
fsr-3739	219	25	+	+	NUM
fsr-3739	219	26	.0017	.0017	NOUN
fsr-3739	219	27	=	=	PUNCT
fsr-3739	219	28	$	$	SYM
fsr-3739	219	29	1.0076	1.0076	NUM
fsr-3739	219	30	.	.	PUNCT
fsr-3739	220	1	for	for	ADP
fsr-3739	220	2	the	the	DET
fsr-3739	220	3	one	one	NUM
fsr-3739	220	4	-	-	PUNCT
fsr-3739	220	5	year	year	NOUN
fsr-3739	220	6	investment	investment	NOUN
fsr-3739	220	7	horizon	horizon	NOUN
fsr-3739	220	8	,	,	PUNCT
fsr-3739	220	9	it	it	PRON
fsr-3739	220	10	will	will	AUX
fsr-3739	220	11	be	be	AUX
fsr-3739	220	12	clear	clear	ADJ
fsr-3739	220	13	in	in	ADP
fsr-3739	220	14	six	six	NUM
fsr-3739	220	15	months	month	NOUN
fsr-3739	220	16	whether	whether	SCONJ
fsr-3739	220	17	the	the	DET
fsr-3739	220	18	investor	investor	NOUN
fsr-3739	220	19	should	should	AUX
fsr-3739	220	20	exercise	exercise	VERB
fsr-3739	220	21	the	the	DET
fsr-3739	220	22	put	put	NOUN
fsr-3739	220	23	option	option	NOUN
fsr-3739	220	24	.	.	PUNCT
fsr-3739	221	1	if	if	SCONJ
fsr-3739	221	2	in	in	ADP
fsr-3739	221	3	six	six	NUM
fsr-3739	221	4	months	month	NOUN
fsr-3739	221	5	the	the	DET
fsr-3739	221	6	six	six	NUM
fsr-3739	221	7	-	-	PUNCT
fsr-3739	221	8	month	month	NOUN
fsr-3739	221	9	treasury	treasury	NOUN
fsr-3739	221	10	yield	yield	NOUN
fsr-3739	221	11	exceeds	exceed	VERB
fsr-3739	221	12	4	4	NUM
fsr-3739	221	13	%	%	NOUN
fsr-3739	221	14	,	,	PUNCT
fsr-3739	221	15	the	the	DET
fsr-3739	221	16	put	put	NOUN
fsr-3739	221	17	option	option	NOUN
fsr-3739	221	18	should	should	AUX
fsr-3739	221	19	be	be	AUX
fsr-3739	221	20	exercised	exercise	VERB
fsr-3739	221	21	.	.	PUNCT
fsr-3739	222	1	if	if	SCONJ
fsr-3739	222	2	not	not	PART
fsr-3739	222	3	,	,	PUNCT
fsr-3739	222	4	it	it	PRON
fsr-3739	222	5	should	should	AUX
fsr-3739	222	6	not	not	PART
fsr-3739	222	7	be	be	AUX
fsr-3739	222	8	exercised	exercise	VERB
fsr-3739	222	9	.	.	PUNCT
fsr-3739	223	1	the	the	DET
fsr-3739	223	2	next	next	ADJ
fsr-3739	223	3	example	example	NOUN
fsr-3739	223	4	shows	show	VERB
fsr-3739	223	5	that	that	SCONJ
fsr-3739	223	6	it	it	PRON
fsr-3739	223	7	is	be	AUX
fsr-3739	223	8	not	not	PART
fsr-3739	223	9	always	always	ADV
fsr-3739	223	10	clear	clear	ADJ
fsr-3739	223	11	whether	whether	SCONJ
fsr-3739	223	12	the	the	DET
fsr-3739	223	13	put	put	NOUN
fsr-3739	223	14	option	option	NOUN
fsr-3739	223	15	should	should	AUX
fsr-3739	223	16	be	be	AUX
fsr-3739	223	17	exercised	exercise	VERB
fsr-3739	223	18	.	.	PUNCT
fsr-3739	224	1	analysis	analysis	NOUN
fsr-3739	224	2	of	of	ADP
fsr-3739	224	3	u.s	u.s	PROPN
fsr-3739	224	4	.	.	PROPN
fsr-3739	224	5	savings	saving	NOUN
fsr-3739	224	6	bonds	bond	NOUN
fsr-3739	224	7	51	51	NUM
fsr-3739	224	8	c.	c.	NOUN
fsr-3739	224	9	two	two	NUM
fsr-3739	224	10	-	-	PUNCT
fsr-3739	224	11	and	and	CCONJ
fsr-3739	224	12	-	-	PUNCT
fsr-3739	224	13	a	a	DET
fsr-3739	224	14	-	-	PUNCT
fsr-3739	224	15	half	half	ADJ
fsr-3739	224	16	-	-	PUNCT
fsr-3739	224	17	year	year	NOUN
fsr-3739	224	18	investment	investment	NOUN
fsr-3739	224	19	horizon	horizon	NOUN
fsr-3739	224	20	an	an	DET
fsr-3739	224	21	investor	investor	NOUN
fsr-3739	224	22	could	could	AUX
fsr-3739	224	23	buy	buy	VERB
fsr-3739	224	24	a	a	DET
fsr-3739	224	25	2.5year	2.5year	ADJ
fsr-3739	224	26	,	,	PUNCT
fsr-3739	224	27	coupon	coupon	NOUN
fsr-3739	224	28	-	-	PUNCT
fsr-3739	224	29	bearing	bear	VERB
fsr-3739	224	30	treasury	treasury	NOUN
fsr-3739	224	31	note	note	NOUN
fsr-3739	224	32	yielding	yield	VERB
fsr-3739	224	33	4.41	4.41	NUM
fsr-3739	224	34	%	%	NOUN
fsr-3739	224	35	or	or	CCONJ
fsr-3739	224	36	a	a	DET
fsr-3739	224	37	4	4	NUM
fsr-3739	224	38	%	%	NOUN
fsr-3739	224	39	coupon	coupon	NOUN
fsr-3739	224	40	savings	saving	NOUN
fsr-3739	224	41	bond	bond	NOUN
fsr-3739	224	42	.	.	PUNCT
fsr-3739	225	1	the	the	DET
fsr-3739	225	2	latter	latter	ADJ
fsr-3739	225	3	contains	contain	VERB
fsr-3739	225	4	the	the	DET
fsr-3739	225	5	put	put	NOUN
fsr-3739	225	6	option	option	NOUN
fsr-3739	225	7	that	that	PRON
fsr-3739	225	8	would	would	AUX
fsr-3739	225	9	most	most	ADV
fsr-3739	225	10	likely	likely	ADV
fsr-3739	225	11	be	be	AUX
fsr-3739	225	12	exercised	exercise	VERB
fsr-3739	225	13	at	at	ADP
fsr-3739	225	14	the	the	DET
fsr-3739	225	15	end	end	NOUN
fsr-3739	225	16	of	of	ADP
fsr-3739	225	17	an	an	DET
fsr-3739	225	18	interest	interest	NOUN
fsr-3739	225	19	accrual	accrual	ADJ
fsr-3739	225	20	period	period	NOUN
fsr-3739	225	21	in	in	ADP
fsr-3739	225	22	0.5	0.5	NUM
fsr-3739	225	23	years	year	NOUN
fsr-3739	225	24	,	,	PUNCT
fsr-3739	225	25	1	1	NUM
fsr-3739	225	26	.o	.o	NOUN
fsr-3739	225	27	year	year	NOUN
fsr-3739	225	28	,	,	PUNCT
fsr-3739	225	29	1.5	1.5	NUM
fsr-3739	225	30	years	year	NOUN
fsr-3739	225	31	,	,	PUNCT
fsr-3739	225	32	or	or	CCONJ
fsr-3739	225	33	2.0	2.0	NUM
fsr-3739	225	34	years	year	NOUN
fsr-3739	225	35	.	.	PUNCT
fsr-3739	226	1	the	the	DET
fsr-3739	226	2	straight	straight	ADJ
fsr-3739	226	3	debt	debt	NOUN
fsr-3739	226	4	value	value	NOUN
fsr-3739	226	5	of	of	ADP
fsr-3739	226	6	the	the	DET
fsr-3739	226	7	savings	saving	NOUN
fsr-3739	226	8	bond	bond	NOUN
fsr-3739	226	9	is	be	AUX
fsr-3739	226	10	$	$	SYM
fsr-3739	226	11	0.9904	0.9904	NUM
fsr-3739	226	12	for	for	ADP
fsr-3739	226	13	a	a	DET
fsr-3739	226	14	$	$	SYM
fsr-3739	226	15	1	1	NUM
fsr-3739	226	16	par	par	ADJ
fsr-3739	226	17	-	-	PUNCT
fsr-3739	226	18	value	value	NOUN
fsr-3739	226	19	bond	bond	NOUN
fsr-3739	226	20	.	.	PUNCT
fsr-3739	226	21	’	'	PUNCT
fsr-3739	227	1	the	the	DET
fsr-3739	227	2	question	question	NOUN
fsr-3739	227	3	is	be	AUX
fsr-3739	227	4	whether	whether	SCONJ
fsr-3739	227	5	the	the	DET
fsr-3739	227	6	put	put	NOUN
fsr-3739	227	7	option	option	NOUN
fsr-3739	227	8	,	,	PUNCT
fsr-3739	227	9	if	if	SCONJ
fsr-3739	227	10	sold	sell	VERB
fsr-3739	227	11	separately	separately	ADV
fsr-3739	227	12	in	in	ADP
fsr-3739	227	13	the	the	DET
fsr-3739	227	14	financial	financial	ADJ
fsr-3739	227	15	market	market	NOUN
fsr-3739	227	16	,	,	PUNCT
fsr-3739	227	17	would	would	AUX
fsr-3739	227	18	be	be	AUX
fsr-3739	227	19	worth	worth	ADJ
fsr-3739	227	20	$	$	SYM
fsr-3739	227	21	0.0096	0.0096	NUM
fsr-3739	227	22	since	since	SCONJ
fsr-3739	227	23	the	the	DET
fsr-3739	227	24	bond	bond	NOUN
fsr-3739	227	25	can	can	AUX
fsr-3739	227	26	always	always	ADV
fsr-3739	227	27	be	be	AUX
fsr-3739	227	28	redeemed	redeem	VERB
fsr-3739	227	29	at	at	ADP
fsr-3739	227	30	par	par	NOUN
fsr-3739	227	31	.	.	PUNCT
fsr-3739	228	1	as	as	ADP
fsr-3739	228	2	part	part	NOUN
fsr-3739	228	3	of	of	ADP
fsr-3739	228	4	the	the	DET
fsr-3739	228	5	savings	saving	NOUN
fsr-3739	228	6	bond	bond	NOUN
fsr-3739	228	7	,	,	PUNCT
fsr-3739	228	8	the	the	DET
fsr-3739	228	9	put	put	NOUN
fsr-3739	228	10	option	option	NOUN
fsr-3739	228	11	must	must	AUX
fsr-3739	228	12	be	be	AUX
fsr-3739	228	13	worth	worth	ADJ
fsr-3739	228	14	at	at	ADV
fsr-3739	228	15	least	least	ADV
fsr-3739	228	16	$	$	SYM
fsr-3739	228	17	0.0096	0.0096	NUM
fsr-3739	228	18	.	.	PUNCT
fsr-3739	229	1	if	if	SCONJ
fsr-3739	229	2	the	the	DET
fsr-3739	229	3	put	put	NOUN
fsr-3739	229	4	option	option	NOUN
fsr-3739	229	5	sold	sell	VERB
fsr-3739	229	6	separately	separately	ADV
fsr-3739	229	7	is	be	AUX
fsr-3739	229	8	not	not	PART
fsr-3739	229	9	worth	worth	ADJ
fsr-3739	229	10	$	$	SYM
fsr-3739	229	11	0.0096	0.0096	NUM
fsr-3739	229	12	,	,	PUNCT
fsr-3739	229	13	the	the	DET
fsr-3739	229	14	savings	saving	NOUN
fsr-3739	229	15	bond	bond	NOUN
fsr-3739	229	16	is	be	AUX
fsr-3739	229	17	not	not	PART
fsr-3739	229	18	a	a	DET
fsr-3739	229	19	good	good	ADJ
fsr-3739	229	20	investment	investment	NOUN
fsr-3739	229	21	for	for	ADP
fsr-3739	229	22	the	the	DET
fsr-3739	229	23	person	person	NOUN
fsr-3739	229	24	with	with	ADP
fsr-3739	229	25	a	a	DET
fsr-3739	229	26	2.5year	2.5year	NUM
fsr-3739	229	27	investment	investment	NOUN
fsr-3739	229	28	horizon	horizon	NOUN
fsr-3739	229	29	.	.	PUNCT
fsr-3739	230	1	the	the	DET
fsr-3739	230	2	put	put	NOUN
fsr-3739	230	3	option	option	NOUN
fsr-3739	230	4	gives	give	VERB
fsr-3739	230	5	the	the	DET
fsr-3739	230	6	investor	investor	NOUN
fsr-3739	230	7	the	the	DET
fsr-3739	230	8	right	right	NOUN
fsr-3739	230	9	to	to	PART
fsr-3739	230	10	cash	cash	VERB
fsr-3739	230	11	in	in	ADP
fsr-3739	230	12	the	the	DET
fsr-3739	230	13	savings	savings	NOUN
fsr-3739	230	14	bond	bond	NOUN
fsr-3739	230	15	at	at	ADP
fsr-3739	230	16	par	par	NOUN
fsr-3739	230	17	and	and	CCONJ
fsr-3739	230	18	reinvest	reinvest	VERB
fsr-3739	230	19	the	the	DET
fsr-3739	230	20	proceeds	proceed	NOUN
fsr-3739	230	21	at	at	ADP
fsr-3739	230	22	the	the	DET
fsr-3739	230	23	then	then	ADV
fsr-3739	230	24	-	-	PUNCT
fsr-3739	230	25	prevailing	prevail	VERB
fsr-3739	230	26	treasury	treasury	NOUN
fsr-3739	230	27	rate	rate	NOUN
fsr-3739	230	28	for	for	ADP
fsr-3739	230	29	the	the	DET
fsr-3739	230	30	remainder	remainder	NOUN
fsr-3739	230	31	of	of	ADP
fsr-3739	230	32	the	the	DET
fsr-3739	230	33	2.5	2.5	NUM
fsr-3739	230	34	-	-	PUNCT
fsr-3739	230	35	year	year	NOUN
fsr-3739	230	36	horizon	horizon	NOUN
fsr-3739	230	37	.	.	PUNCT
fsr-3739	231	1	it	it	PRON
fsr-3739	231	2	gives	give	VERB
fsr-3739	231	3	the	the	DET
fsr-3739	231	4	investor	investor	NOUN
fsr-3739	231	5	the	the	DET
fsr-3739	231	6	right	right	NOUN
fsr-3739	231	7	to	to	PART
fsr-3739	231	8	exchange	exchange	VERB
fsr-3739	231	9	the	the	DET
fsr-3739	231	10	savings	saving	NOUN
fsr-3739	231	11	bond	bond	NOUN
fsr-3739	231	12	in	in	ADP
fsr-3739	231	13	six	six	NUM
fsr-3739	231	14	months	month	NOUN
fsr-3739	231	15	for	for	ADP
fsr-3739	231	16	a	a	DET
fsr-3739	231	17	two	two	NUM
fsr-3739	231	18	-	-	PUNCT
fsr-3739	231	19	year	year	NOUN
fsr-3739	231	20	note	note	NOUN
fsr-3739	231	21	,	,	PUNCT
fsr-3739	231	22	in	in	ADP
fsr-3739	231	23	one	one	NUM
fsr-3739	231	24	year	year	NOUN
fsr-3739	231	25	for	for	ADP
fsr-3739	231	26	a	a	DET
fsr-3739	231	27	1.5	1.5	NUM
fsr-3739	231	28	-	-	PUNCT
fsr-3739	231	29	year	year	NOUN
fsr-3739	231	30	note	note	NOUN
fsr-3739	231	31	,	,	PUNCT
fsr-3739	231	32	in	in	ADP
fsr-3739	231	33	1.5	1.5	NUM
fsr-3739	231	34	years	year	NOUN
fsr-3739	231	35	for	for	ADP
fsr-3739	231	36	a	a	DET
fsr-3739	231	37	one	one	NUM
fsr-3739	231	38	-	-	PUNCT
fsr-3739	231	39	year	year	NOUN
fsr-3739	231	40	note	note	NOUN
fsr-3739	231	41	,	,	PUNCT
fsr-3739	231	42	or	or	CCONJ
fsr-3739	231	43	in	in	ADP
fsr-3739	231	44	two	two	NUM
fsr-3739	231	45	years	year	NOUN
fsr-3739	231	46	for	for	ADP
fsr-3739	231	47	a	a	DET
fsr-3739	231	48	0.5	0.5	NUM
fsr-3739	231	49	-	-	PUNCT
fsr-3739	231	50	year	year	NOUN
fsr-3739	231	51	note	note	NOUN
fsr-3739	231	52	.	.	PUNCT
fsr-3739	232	1	is	be	AUX
fsr-3739	232	2	the	the	DET
fsr-3739	232	3	put	put	NOUN
fsr-3739	232	4	option	option	NOUN
fsr-3739	232	5	worth	worth	ADJ
fsr-3739	232	6	the	the	DET
fsr-3739	232	7	0.4	0.4	NUM
fsr-3739	232	8	1	1	NUM
fsr-3739	232	9	%	%	NOUN
fsr-3739	232	10	initial	initial	ADJ
fsr-3739	232	11	yield	yield	NOUN
fsr-3739	232	12	disadvantage	disadvantage	NOUN
fsr-3739	232	13	(	(	PUNCT
fsr-3739	232	14	4.4	4.4	NUM
fsr-3739	232	15	1	1	NUM
fsr-3739	232	16	%	%	NOUN
fsr-3739	232	17	-4	-4	INTJ
fsr-3739	232	18	%	%	NOUN
fsr-3739	232	19	)	)	PUNCT
fsr-3739	232	20	?	?	PUNCT
fsr-3739	233	1	we	we	PRON
fsr-3739	233	2	do	do	AUX
fsr-3739	233	3	not	not	PART
fsr-3739	233	4	know	know	VERB
fsr-3739	233	5	.	.	PUNCT
fsr-3739	234	1	if	if	SCONJ
fsr-3739	234	2	the	the	DET
fsr-3739	234	3	yield	yield	NOUN
fsr-3739	234	4	on	on	ADP
fsr-3739	234	5	the	the	DET
fsr-3739	234	6	initial	initial	ADJ
fsr-3739	234	7	2.5	2.5	NUM
fsr-3739	234	8	-	-	PUNCT
fsr-3739	234	9	year	year	NOUN
fsr-3739	234	10	note	note	NOUN
fsr-3739	234	11	remains	remain	VERB
fsr-3739	234	12	at	at	ADP
fsr-3739	234	13	or	or	CCONJ
fsr-3739	234	14	below	below	ADP
fsr-3739	234	15	4.41	4.41	NUM
fsr-3739	234	16	%	%	NOUN
fsr-3739	234	17	,	,	PUNCT
fsr-3739	234	18	then	then	ADV
fsr-3739	234	19	the	the	DET
fsr-3739	234	20	straight	straight	ADJ
fsr-3739	234	21	debt	debt	NOUN
fsr-3739	234	22	will	will	AUX
fsr-3739	234	23	outperform	outperform	VERB
fsr-3739	234	24	the	the	DET
fsr-3739	234	25	savings	saving	NOUN
fsr-3739	234	26	bond	bond	NOUN
fsr-3739	234	27	.	.	PUNCT
fsr-3739	235	1	if	if	SCONJ
fsr-3739	235	2	yields	yield	NOUN
fsr-3739	235	3	rise	rise	VERB
fsr-3739	235	4	sharply	sharply	ADV
fsr-3739	235	5	,	,	PUNCT
fsr-3739	235	6	however	however	ADV
fsr-3739	235	7	,	,	PUNCT
fsr-3739	235	8	buying	buy	VERB
fsr-3739	235	9	the	the	DET
fsr-3739	235	10	savings	saving	NOUN
fsr-3739	235	11	bond	bond	NOUN
fsr-3739	235	12	,	,	PUNCT
fsr-3739	235	13	redeeming	redeem	VERB
fsr-3739	235	14	it	it	PRON
fsr-3739	235	15	at	at	ADP
fsr-3739	235	16	par	par	NOUN
fsr-3739	235	17	after	after	SCONJ
fsr-3739	235	18	rates	rate	NOUN
fsr-3739	235	19	rise	rise	VERB
fsr-3739	235	20	,	,	PUNCT
fsr-3739	235	21	and	and	CCONJ
fsr-3739	235	22	reinvesting	reinveste	VERB
fsr-3739	235	23	at	at	ADP
fsr-3739	235	24	the	the	DET
fsr-3739	235	25	then	then	ADV
fsr-3739	235	26	-	-	PUNCT
fsr-3739	235	27	current	current	ADJ
fsr-3739	235	28	interest	interest	NOUN
fsr-3739	235	29	rate	rate	NOUN
fsr-3739	235	30	will	will	AUX
fsr-3739	235	31	produce	produce	VERB
fsr-3739	235	32	the	the	DET
fsr-3739	235	33	higher	high	ADJ
fsr-3739	235	34	2.5	2.5	NUM
fsr-3739	235	35	-	-	PUNCT
fsr-3739	235	36	year	year	NOUN
fsr-3739	235	37	return	return	NOUN
fsr-3739	235	38	.	.	PUNCT
fsr-3739	236	1	the	the	DET
fsr-3739	236	2	2.5	2.5	NUM
fsr-3739	236	3	-	-	PUNCT
fsr-3739	236	4	year	year	NOUN
fsr-3739	236	5	returns	return	NOUN
fsr-3739	236	6	on	on	ADP
fsr-3739	236	7	straight	straight	ADJ
fsr-3739	236	8	debt	debt	NOUN
fsr-3739	236	9	and	and	CCONJ
fsr-3739	236	10	savings	saving	NOUN
fsr-3739	236	11	bonds	bond	NOUN
fsr-3739	236	12	will	will	AUX
fsr-3739	236	13	be	be	AUX
fsr-3739	236	14	approximately	approximately	ADV
fsr-3739	236	15	equal	equal	ADJ
fsr-3739	236	16	if	if	SCONJ
fsr-3739	236	17	the	the	DET
fsr-3739	236	18	put	put	NOUN
fsr-3739	236	19	option	option	NOUN
fsr-3739	236	20	is	be	AUX
fsr-3739	236	21	exercised	exercise	VERB
fsr-3739	236	22	in	in	ADP
fsr-3739	236	23	six	six	NUM
fsr-3739	236	24	months	month	NOUN
fsr-3739	236	25	when	when	SCONJ
fsr-3739	236	26	the	the	DET
fsr-3739	236	27	two	two	NUM
fsr-3739	236	28	-	-	PUNCT
fsr-3739	236	29	year	year	NOUN
fsr-3739	236	30	yield	yield	NOUN
fsr-3739	236	31	is	be	AUX
fsr-3739	236	32	4.51	4.51	NUM
fsr-3739	236	33	%	%	NOUN
fsr-3739	236	34	.	.	PUNCT
fsr-3739	237	1	the	the	DET
fsr-3739	237	2	10	10	NUM
fsr-3739	237	3	basis	basis	NOUN
fsr-3739	237	4	point	point	NOUN
fsr-3739	237	5	(	(	PUNCT
fsr-3739	237	6	4.5	4.5	NUM
fsr-3739	237	7	1	1	NUM
fsr-3739	237	8	4.41	4.41	NUM
fsr-3739	237	9	%	%	NOUN
fsr-3739	237	10	)	)	PUNCT
fsr-3739	237	11	yield	yield	NOUN
fsr-3739	237	12	advantage	advantage	NOUN
fsr-3739	237	13	for	for	ADP
fsr-3739	237	14	four	four	NUM
fsr-3739	237	15	six	six	NUM
fsr-3739	237	16	-	-	PUNCT
fsr-3739	237	17	month	month	NOUN
fsr-3739	237	18	periods	period	NOUN
fsr-3739	237	19	roughly	roughly	ADV
fsr-3739	237	20	offsets	offset	VERB
fsr-3739	237	21	the	the	DET
fsr-3739	237	22	41	41	NUM
fsr-3739	237	23	basis	basis	NOUN
fsr-3739	237	24	point	point	NOUN
fsr-3739	237	25	disadvantage	disadvantage	NOUN
fsr-3739	237	26	for	for	ADP
fsr-3739	237	27	one	one	NUM
fsr-3739	237	28	period	period	NOUN
fsr-3739	237	29	.	.	PUNCT
fsr-3739	238	1	the	the	DET
fsr-3739	238	2	savings	savings	NOUN
fsr-3739	238	3	bond	bond	NOUN
fsr-3739	238	4	would	would	AUX
fsr-3739	238	5	also	also	ADV
fsr-3739	238	6	produce	produce	VERB
fsr-3739	238	7	an	an	DET
fsr-3739	238	8	equal	equal	ADJ
fsr-3739	238	9	2.5	2.5	NUM
fsr-3739	238	10	-	-	PUNCT
fsr-3739	238	11	year	year	NOUN
fsr-3739	238	12	return	return	NOUN
fsr-3739	238	13	if	if	SCONJ
fsr-3739	238	14	:	:	PUNCT
fsr-3739	238	15	(	(	PUNCT
fsr-3739	238	16	1	1	X
fsr-3739	238	17	)	)	PUNCT
fsr-3739	238	18	the	the	DET
fsr-3739	238	19	put	put	NOUN
fsr-3739	238	20	is	be	AUX
fsr-3739	238	21	exercised	exercise	VERB
fsr-3739	238	22	in	in	ADP
fsr-3739	238	23	one	one	NUM
fsr-3739	238	24	-	-	PUNCT
fsr-3739	238	25	year	year	NOUN
fsr-3739	238	26	and	and	CCONJ
fsr-3739	238	27	the	the	DET
fsr-3739	238	28	1.5	1.5	NUM
fsr-3739	238	29	-	-	PUNCT
fsr-3739	238	30	year	year	NOUN
fsr-3739	238	31	treasury	treasury	NOUN
fsr-3739	238	32	yield	yield	NOUN
fsr-3739	238	33	is	be	AUX
fsr-3739	238	34	4.68	4.68	NUM
fsr-3739	238	35	%	%	NOUN
fsr-3739	238	36	,	,	PUNCT
fsr-3739	238	37	(	(	PUNCT
fsr-3739	238	38	2	2	X
fsr-3739	238	39	)	)	PUNCT
fsr-3739	238	40	the	the	DET
fsr-3739	238	41	put	put	NOUN
fsr-3739	238	42	is	be	AUX
fsr-3739	238	43	exercised	exercise	VERB
fsr-3739	238	44	in	in	ADP
fsr-3739	238	45	1.5	1.5	NUM
fsr-3739	238	46	years	year	NOUN
fsr-3739	238	47	and	and	CCONJ
fsr-3739	238	48	the	the	DET
fsr-3739	238	49	one	one	NUM
fsr-3739	238	50	-	-	PUNCT
fsr-3739	238	51	year	year	NOUN
fsr-3739	238	52	treasury	treasury	NOUN
fsr-3739	238	53	yield	yield	NOUN
fsr-3739	238	54	is	be	AUX
fsr-3739	238	55	5.03	5.03	NUM
fsr-3739	238	56	%	%	NOUN
fsr-3739	238	57	,	,	PUNCT
fsr-3739	238	58	or	or	CCONJ
fsr-3739	238	59	(	(	PUNCT
fsr-3739	238	60	3	3	X
fsr-3739	238	61	)	)	PUNCT
fsr-3739	238	62	the	the	DET
fsr-3739	238	63	put	put	NOUN
fsr-3739	238	64	is	be	AUX
fsr-3739	238	65	exercised	exercise	VERB
fsr-3739	238	66	in	in	ADP
fsr-3739	238	67	two	two	NUM
fsr-3739	238	68	years	year	NOUN
fsr-3739	238	69	and	and	CCONJ
fsr-3739	238	70	the	the	DET
fsr-3739	238	71	0.5	0.5	NUM
fsr-3739	238	72	-	-	PUNCT
fsr-3739	238	73	year	year	NOUN
fsr-3739	238	74	yield	yield	NOUN
fsr-3739	238	75	is	be	AUX
fsr-3739	238	76	6.05	6.05	NUM
fsr-3739	238	77	%	%	NOUN
fsr-3739	238	78	.	.	PUNCT
fsr-3739	239	1	suppose	suppose	VERB
fsr-3739	239	2	that	that	SCONJ
fsr-3739	239	3	in	in	ADP
fsr-3739	239	4	six	six	NUM
fsr-3739	239	5	months	month	NOUN
fsr-3739	239	6	,	,	PUNCT
fsr-3739	239	7	the	the	DET
fsr-3739	239	8	two	two	NUM
fsr-3739	239	9	-	-	PUNCT
fsr-3739	239	10	year	year	NOUN
fsr-3739	239	11	treasury	treasury	NOUN
fsr-3739	239	12	yield	yield	NOUN
fsr-3739	239	13	is	be	AUX
fsr-3739	239	14	4.6	4.6	NUM
fsr-3739	239	15	%	%	NOUN
fsr-3739	239	16	.	.	PUNCT
fsr-3739	240	1	should	should	AUX
fsr-3739	240	2	the	the	DET
fsr-3739	240	3	investor	investor	NOUN
fsr-3739	240	4	exercise	exercise	VERB
fsr-3739	240	5	the	the	DET
fsr-3739	240	6	put	put	NOUN
fsr-3739	240	7	option	option	NOUN
fsr-3739	240	8	?	?	PUNCT
fsr-3739	241	1	exercising	exercise	VERB
fsr-3739	241	2	it	it	PRON
fsr-3739	241	3	and	and	CCONJ
fsr-3739	241	4	buying	buy	VERB
fsr-3739	241	5	a	a	DET
fsr-3739	241	6	two	two	NUM
fsr-3739	241	7	-	-	PUNCT
fsr-3739	241	8	year	year	NOUN
fsr-3739	241	9	note	note	NOUN
fsr-3739	241	10	would	would	AUX
fsr-3739	241	11	guarantee	guarantee	VERB
fsr-3739	241	12	that	that	SCONJ
fsr-3739	241	13	the	the	DET
fsr-3739	241	14	savings	savings	NOUN
fsr-3739	241	15	bond	bond	NOUN
fsr-3739	241	16	would	would	AUX
fsr-3739	241	17	produce	produce	VERB
fsr-3739	241	18	a	a	DET
fsr-3739	241	19	larger	large	ADJ
fsr-3739	241	20	2.5	2.5	NUM
fsr-3739	241	21	-	-	PUNCT
fsr-3739	241	22	yearreturn	yearreturn	NOUN
fsr-3739	241	23	than	than	ADP
fsr-3739	241	24	the	the	DET
fsr-3739	241	25	original	original	ADJ
fsr-3739	241	26	straight	straight	ADJ
fsr-3739	241	27	debt	debt	NOUN
fsr-3739	241	28	.	.	PUNCT
fsr-3739	242	1	however	however	ADV
fsr-3739	242	2	,	,	PUNCT
fsr-3739	242	3	once	once	SCONJ
fsr-3739	242	4	the	the	DET
fsr-3739	242	5	put	put	NOUN
fsr-3739	242	6	is	be	AUX
fsr-3739	242	7	exercised	exercise	VERB
fsr-3739	242	8	,	,	PUNCT
fsr-3739	242	9	the	the	DET
fsr-3739	242	10	investor	investor	NOUN
fsr-3739	242	11	loses	lose	VERB
fsr-3739	242	12	the	the	DET
fsr-3739	242	13	protection	protection	NOUN
fsr-3739	242	14	against	against	ADP
fsr-3739	242	15	rising	rise	VERB
fsr-3739	242	16	interest	interest	NOUN
fsr-3739	242	17	rates	rate	NOUN
fsr-3739	242	18	.	.	PUNCT
fsr-3739	243	1	if	if	SCONJ
fsr-3739	243	2	rates	rate	NOUN
fsr-3739	243	3	continue	continue	VERB
fsr-3739	243	4	to	to	PART
fsr-3739	243	5	rise	rise	VERB
fsr-3739	243	6	sharply	sharply	ADV
fsr-3739	243	7	,	,	PUNCT
fsr-3739	243	8	the	the	DET
fsr-3739	243	9	investor	investor	NOUN
fsr-3739	243	10	would	would	AUX
fsr-3739	243	11	be	be	AUX
fsr-3739	243	12	better	well	ADJ
fsr-3739	243	13	off	off	ADP
fsr-3739	243	14	delaying	delay	VERB
fsr-3739	243	15	the	the	DET
fsr-3739	243	16	exercise	exercise	NOUN
fsr-3739	243	17	;	;	PUNCT
fsr-3739	243	18	in	in	ADP
fsr-3739	243	19	essence	essence	NOUN
fsr-3739	243	20	,	,	PUNCT
fsr-3739	243	21	the	the	DET
fsr-3739	243	22	put	put	NOUN
fsr-3739	243	23	option	option	NOUN
fsr-3739	243	24	offers	offer	VERB
fsr-3739	243	25	the	the	DET
fsr-3739	243	26	investor	investor	NOUN
fsr-3739	243	27	a	a	DET
fsr-3739	243	28	one	one	NUM
fsr-3739	243	29	-	-	PUNCT
fsr-3739	243	30	time	time	NOUN
fsr-3739	243	31	exchange	exchange	NOUN
fsr-3739	243	32	of	of	ADP
fsr-3739	243	33	the	the	DET
fsr-3739	243	34	savings	saving	NOUN
fsr-3739	243	35	bond	bond	NOUN
fsr-3739	243	36	for	for	ADP
fsr-3739	243	37	the	the	DET
fsr-3739	243	38	then	then	ADV
fsr-3739	243	39	-	-	PUNCT
fsr-3739	243	40	current	current	ADJ
fsr-3739	243	41	yield	yield	NOUN
fsr-3739	243	42	.	.	PUNCT
fsr-3739	244	1	what	what	PRON
fsr-3739	244	2	is	be	AUX
fsr-3739	244	3	the	the	DET
fsr-3739	244	4	optimal	optimal	ADJ
fsr-3739	244	5	strategy	strategy	NOUN
fsr-3739	244	6	for	for	ADP
fsr-3739	244	7	exercising	exercise	VERB
fsr-3739	244	8	the	the	DET
fsr-3739	244	9	put	put	NOUN
fsr-3739	244	10	option	option	NOUN
fsr-3739	244	11	?	?	PUNCT
fsr-3739	245	1	despite	despite	SCONJ
fsr-3739	245	2	tremendous	tremendous	ADJ
fsr-3739	245	3	efforts	effort	NOUN
fsr-3739	245	4	,	,	PUNCT
fsr-3739	245	5	we	we	PRON
fsr-3739	245	6	can	can	AUX
fsr-3739	245	7	not	not	PART
fsr-3739	245	8	answer	answer	VERB
fsr-3739	245	9	the	the	DET
fsr-3739	245	10	question	question	NOUN
fsr-3739	245	11	with	with	ADP
fsr-3739	245	12	precision	precision	NOUN
fsr-3739	245	13	.	.	PUNCT
fsr-3739	246	1	at	at	ADV
fsr-3739	246	2	least	least	ADV
fsr-3739	246	3	two	two	NUM
fsr-3739	246	4	issues	issue	NOUN
fsr-3739	246	5	make	make	VERB
fsr-3739	246	6	valuing	value	VERB
fsr-3739	246	7	an	an	DET
fsr-3739	246	8	option	option	NOUN
fsr-3739	246	9	on	on	ADP
fsr-3739	246	10	bond	bond	NOUN
fsr-3739	246	11	price	price	NOUN
fsr-3739	246	12	more	more	ADV
fsr-3739	246	13	difficult	difficult	ADJ
fsr-3739	246	14	than	than	ADP
fsr-3739	246	15	valuing	value	VERB
fsr-3739	246	16	an	an	DET
fsr-3739	246	17	option	option	NOUN
fsr-3739	246	18	on	on	ADP
fsr-3739	246	19	stock	stock	NOUN
fsr-3739	246	20	price	price	NOUN
fsr-3739	246	21	.	.	PUNCT
fsr-3739	247	1	first	first	ADV
fsr-3739	247	2	,	,	PUNCT
fsr-3739	247	3	we	we	PRON
fsr-3739	247	4	can	can	AUX
fsr-3739	247	5	not	not	PART
fsr-3739	247	6	agree	agree	VERB
fsr-3739	247	7	on	on	ADP
fsr-3739	247	8	the	the	DET
fsr-3739	247	9	nature	nature	NOUN
fsr-3739	247	10	of	of	ADP
fsr-3739	247	11	the	the	DET
fsr-3739	247	12	process	process	NOUN
fsr-3739	247	13	driving	drive	VERB
fsr-3739	247	14	interest	interest	NOUN
fsr-3739	247	15	rates	rate	NOUN
fsr-3739	247	16	.	.	PUNCT
fsr-3739	248	1	are	be	AUX
fsr-3739	248	2	interest	interest	NOUN
fsr-3739	248	3	rate	rate	NOUN
fsr-3739	248	4	means	mean	VERB
fsr-3739	248	5	reverting	revert	VERB
fsr-3739	248	6	?	?	PUNCT
fsr-3739	249	1	do	do	AUX
fsr-3739	249	2	they	they	PRON
fsr-3739	249	3	follow	follow	VERB
fsr-3739	249	4	a	a	DET
fsr-3739	249	5	random	random	ADJ
fsr-3739	249	6	walk	walk	NOUN
fsr-3739	249	7	?	?	PUNCT
fsr-3739	250	1	in	in	ADP
fsr-3739	250	2	contrast	contrast	NOUN
fsr-3739	250	3	,	,	PUNCT
fsr-3739	250	4	we	we	PRON
fsr-3739	250	5	agree	agree	VERB
fsr-3739	250	6	(	(	PUNCT
fsr-3739	250	7	at	at	ADP
fsr-3739	250	8	least	least	ADJ
fsr-3739	250	9	for	for	ADP
fsr-3739	250	10	option	option	NOUN
fsr-3739	250	11	models	model	NOUN
fsr-3739	250	12	)	)	PUNCT
fsr-3739	250	13	that	that	SCONJ
fsr-3739	250	14	stock	stock	NOUN
fsr-3739	250	15	returns	return	NOUN
fsr-3739	250	16	follow	follow	VERB
fsr-3739	250	17	a	a	DET
fsr-3739	250	18	log	log	NOUN
fsr-3739	250	19	-	-	PUNCT
fsr-3739	250	20	normal	normal	ADJ
fsr-3739	250	21	distribution	distribution	NOUN
fsr-3739	250	22	.	.	PUNCT
fsr-3739	251	1	to	to	PART
fsr-3739	251	2	understand	understand	VERB
fsr-3739	251	3	the	the	DET
fsr-3739	251	4	second	second	ADJ
fsr-3739	251	5	problem	problem	NOUN
fsr-3739	251	6	,	,	PUNCT
fsr-3739	251	7	note	note	VERB
fsr-3739	251	8	that	that	SCONJ
fsr-3739	251	9	the	the	DET
fsr-3739	251	10	put	put	NOUN
fsr-3739	251	11	option	option	NOUN
fsr-3739	251	12	’s	’s	PART
fsr-3739	251	13	value	value	NOUN
fsr-3739	251	14	depends	depend	VERB
fsr-3739	251	15	on	on	ADP
fsr-3739	251	16	bond	bond	NOUN
fsr-3739	251	17	price	price	NOUN
fsr-3739	251	18	volatility	volatility	NOUN
fsr-3739	251	19	and	and	CCONJ
fsr-3739	251	20	the	the	DET
fsr-3739	251	21	probability	probability	NOUN
fsr-3739	251	22	distribution	distribution	NOUN
fsr-3739	251	23	of	of	ADP
fsr-3739	251	24	future	future	ADJ
fsr-3739	251	25	bond	bond	NOUN
fsr-3739	251	26	prices	price	NOUN
fsr-3739	251	27	.	.	PUNCT
fsr-3739	252	1	consider	consider	VERB
fsr-3739	252	2	a	a	DET
fsr-3739	252	3	stock	stock	NOUN
fsr-3739	252	4	currently	currently	ADV
fsr-3739	252	5	priced	price	VERB
fsr-3739	252	6	at	at	ADP
fsr-3739	252	7	40	40	NUM
fsr-3739	252	8	.	.	PUNCT
fsr-3739	253	1	the	the	DET
fsr-3739	253	2	stock	stock	NOUN
fsr-3739	253	3	’s	’s	PART
fsr-3739	253	4	volatility	volatility	NOUN
fsr-3739	253	5	per	per	ADP
fsr-3739	253	6	unit	unit	NOUN
fsr-3739	253	7	of	of	ADP
fsr-3739	253	8	time	time	NOUN
fsr-3739	253	9	is	be	AUX
fsr-3739	253	10	assumed	assume	VERB
fsr-3739	253	11	to	to	PART
fsr-3739	253	12	be	be	AUX
fsr-3739	253	13	constant	constant	ADJ
fsr-3739	253	14	,	,	PUNCT
fsr-3739	253	15	so	so	SCONJ
fsr-3739	253	16	the	the	DET
fsr-3739	253	17	probability	probability	NOUN
fsr-3739	253	18	distribution	distribution	NOUN
fsr-3739	253	19	of	of	ADP
fsr-3739	253	20	the	the	DET
fsr-3739	253	21	stock	stock	NOUN
fsr-3739	253	22	price	price	NOUN
fsr-3739	253	23	widens	widen	VERB
fsr-3739	253	24	as	as	SCONJ
fsr-3739	253	25	the	the	DET
fsr-3739	253	26	investment	investment	NOUN
fsr-3739	253	27	horizon	horizon	NOUN
fsr-3739	253	28	lengthens	lengthen	VERB
fsr-3739	253	29	.	.	PUNCT
fsr-3739	254	1	the	the	DET
fsr-3739	254	2	same	same	ADJ
fsr-3739	254	3	is	be	AUX
fsr-3739	254	4	not	not	PART
fsr-3739	254	5	true	true	ADJ
fsr-3739	254	6	of	of	ADP
fsr-3739	254	7	an	an	DET
fsr-3739	254	8	option	option	NOUN
fsr-3739	254	9	on	on	ADP
fsr-3739	254	10	a	a	DET
fsr-3739	254	11	bond	bond	NOUN
fsr-3739	254	12	price	price	NOUN
fsr-3739	254	13	.	.	PUNCT
fsr-3739	255	1	through	through	ADP
fsr-3739	255	2	time	time	NOUN
fsr-3739	255	3	,	,	PUNCT
fsr-3739	255	4	the	the	DET
fsr-3739	255	5	maturity	maturity	NOUN
fsr-3739	255	6	of	of	ADP
fsr-3739	255	7	the	the	DET
fsr-3739	255	8	underlying	underlie	VERB
fsr-3739	255	9	bond	bond	NOUN
fsr-3739	255	10	shortens	shorten	NOUN
fsr-3739	255	11	,	,	PUNCT
fsr-3739	255	12	which	which	PRON
fsr-3739	255	13	causes	cause	VERB
fsr-3739	255	14	the	the	DET
fsr-3739	255	15	volatility	volatility	NOUN
fsr-3739	255	16	of	of	ADP
fsr-3739	255	17	the	the	DET
fsr-3739	255	18	bond	bond	NOUN
fsr-3739	255	19	price	price	NOUN
fsr-3739	255	20	to	to	PART
fsr-3739	255	21	continually	continually	ADV
fsr-3739	255	22	fall	fall	VERB
fsr-3739	255	23	.	.	PUNCT
fsr-3739	256	1	for	for	ADP
fsr-3739	256	2	example	example	NOUN
fsr-3739	256	3	,	,	PUNCT
fsr-3739	256	4	for	for	ADP
fsr-3739	256	5	the	the	DET
fsr-3739	256	6	2.5	2.5	NUM
fsr-3739	256	7	-	-	PUNCT
fsr-3739	256	8	year	year	NOUN
fsr-3739	256	9	investment	investment	NOUN
fsr-3739	256	10	horizon	horizon	NOUN
fsr-3739	256	11	,	,	PUNCT
fsr-3739	256	12	we	we	PRON
fsr-3739	256	13	had	have	VERB
fsr-3739	256	14	an	an	DET
fsr-3739	256	15	option	option	NOUN
fsr-3739	256	16	on	on	ADP
fsr-3739	256	17	a	a	DET
fsr-3739	256	18	two	two	NUM
fsr-3739	256	19	-	-	PUNCT
fsr-3739	256	20	year	year	NOUN
fsr-3739	256	21	bond	bond	NOUN
fsr-3739	256	22	in	in	ADP
fsr-3739	256	23	52	52	NUM
fsr-3739	256	24	financial	financial	ADJ
fsr-3739	256	25	services	service	NOUN
fsr-3739	256	26	review	review	VERB
fsr-3739	256	27	4(t	4(t	NUM
fsr-3739	256	28	)	)	PUNCT
fsr-3739	256	29	1995	1995	NUM
fsr-3739	256	30	six	six	NUM
fsr-3739	256	31	months	month	NOUN
fsr-3739	256	32	,	,	PUNCT
fsr-3739	256	33	an	an	DET
fsr-3739	256	34	option	option	NOUN
fsr-3739	256	35	on	on	ADP
fsr-3739	256	36	a	a	DET
fsr-3739	256	37	1	1	NUM
fsr-3739	256	38	s	s	NUM
fsr-3739	256	39	-	-	PUNCT
fsr-3739	256	40	year	year	NOUN
fsr-3739	256	41	bond	bond	NOUN
fsr-3739	256	42	in	in	ADP
fsr-3739	256	43	one	one	NUM
fsr-3739	256	44	year	year	NOUN
fsr-3739	256	45	,	,	PUNCT
fsr-3739	256	46	and	and	CCONJ
fsr-3739	256	47	so	so	ADV
fsr-3739	256	48	on	on	ADV
fsr-3739	256	49	.	.	PUNCT
fsr-3739	257	1	moreover	moreover	ADV
fsr-3739	257	2	,	,	PUNCT
fsr-3739	257	3	the	the	DET
fsr-3739	257	4	distribution	distribution	NOUN
fsr-3739	257	5	of	of	ADP
fsr-3739	257	6	future	future	ADJ
fsr-3739	257	7	bond	bond	NOUN
fsr-3739	257	8	prices	price	NOUN
fsr-3739	257	9	is	be	AUX
fsr-3739	257	10	constrained	constrain	VERB
fsr-3739	257	11	by	by	ADP
fsr-3739	257	12	the	the	DET
fsr-3739	257	13	guarantee	guarantee	NOUN
fsr-3739	257	14	that	that	SCONJ
fsr-3739	257	15	at	at	ADP
fsr-3739	257	16	maturity	maturity	NOUN
fsr-3739	257	17	it	it	PRON
fsr-3739	257	18	will	will	AUX
fsr-3739	257	19	sell	sell	VERB
fsr-3739	257	20	at	at	ADP
fsr-3739	257	21	par	par	NOUN
fsr-3739	257	22	.	.	PUNCT
fsr-3739	258	1	in	in	ADP
fsr-3739	258	2	short	short	ADJ
fsr-3739	258	3	,	,	PUNCT
fsr-3739	258	4	it	it	PRON
fsr-3739	258	5	is	be	AUX
fsr-3739	258	6	not	not	PART
fsr-3739	258	7	clear	clear	ADJ
fsr-3739	258	8	whether	whether	SCONJ
fsr-3739	258	9	or	or	CCONJ
fsr-3739	258	10	not	not	PART
fsr-3739	258	11	the	the	DET
fsr-3739	258	12	savings	saving	NOUN
fsr-3739	258	13	bond	bond	NOUN
fsr-3739	258	14	offers	offer	VERB
fsr-3739	258	15	a	a	DET
fsr-3739	258	16	good	good	ADJ
fsr-3739	258	17	deal	deal	NOUN
fsr-3739	258	18	for	for	ADP
fsr-3739	258	19	the	the	DET
fsr-3739	258	20	investor	investor	NOUN
fsr-3739	258	21	with	with	ADP
fsr-3739	258	22	a	a	DET
fsr-3739	258	23	2.5	2.5	NUM
fsr-3739	258	24	-	-	PUNCT
fsr-3739	258	25	year	year	NOUN
fsr-3739	258	26	investment	investment	NOUN
fsr-3739	258	27	horizon	horizon	NOUN
fsr-3739	258	28	.	.	PUNCT
fsr-3739	259	1	the	the	DET
fsr-3739	259	2	savings	saving	NOUN
fsr-3739	259	3	bond	bond	NOUN
fsr-3739	259	4	’s	’s	PART
fsr-3739	259	5	straight	straight	ADJ
fsr-3739	259	6	debt	debt	NOUN
fsr-3739	259	7	value	value	NOUN
fsr-3739	259	8	is	be	AUX
fsr-3739	259	9	$	$	SYM
fsr-3739	259	10	0.9904	0.9904	NUM
fsr-3739	259	11	.	.	PUNCT
fsr-3739	260	1	if	if	SCONJ
fsr-3739	260	2	a	a	DET
fsr-3739	260	3	separate	separate	ADJ
fsr-3739	260	4	put	put	NOUN
fsr-3739	260	5	option	option	NOUN
fsr-3739	260	6	would	would	AUX
fsr-3739	260	7	be	be	AUX
fsr-3739	260	8	worth	worth	ADJ
fsr-3739	260	9	more	more	ADJ
fsr-3739	260	10	than	than	ADP
fsr-3739	260	11	$	$	SYM
fsr-3739	260	12	0.0096	0.0096	NUM
fsr-3739	260	13	,	,	PUNCT
fsr-3739	260	14	the	the	DET
fsr-3739	260	15	savings	saving	NOUN
fsr-3739	260	16	bond	bond	NOUN
fsr-3739	260	17	would	would	AUX
fsr-3739	260	18	be	be	AUX
fsr-3739	260	19	more	more	ADV
fsr-3739	260	20	than	than	ADP
fsr-3739	260	21	competitive	competitive	ADJ
fsr-3739	260	22	.	.	PUNCT
fsr-3739	261	1	if	if	SCONJ
fsr-3739	261	2	less	less	ADJ
fsr-3739	261	3	than	than	ADP
fsr-3739	261	4	$	$	SYM
fsr-3739	261	5	0.0096	0.0096	NUM
fsr-3739	261	6	,	,	PUNCT
fsr-3739	261	7	it	it	PRON
fsr-3739	261	8	would	would	AUX
fsr-3739	261	9	be	be	AUX
fsr-3739	261	10	less	less	ADJ
fsr-3739	261	11	than	than	ADP
fsr-3739	261	12	competitive	competitive	ADJ
fsr-3739	261	13	.	.	PUNCT
fsr-3739	262	1	a	a	DET
fsr-3739	262	2	key	key	ADJ
fsr-3739	262	3	factor	factor	NOUN
fsr-3739	262	4	is	be	AUX
fsr-3739	262	5	the	the	DET
fsr-3739	262	6	volatility	volatility	NOUN
fsr-3739	262	7	of	of	ADP
fsr-3739	262	8	interest	interest	NOUN
fsr-3739	262	9	rates	rate	NOUN
fsr-3739	262	10	.	.	PUNCT
fsr-3739	263	1	the	the	DET
fsr-3739	263	2	more	more	ADV
fsr-3739	263	3	volatile	volatile	ADJ
fsr-3739	263	4	,	,	PUNCT
fsr-3739	263	5	the	the	DET
fsr-3739	263	6	more	more	ADV
fsr-3739	263	7	valuable	valuable	ADJ
fsr-3739	263	8	is	be	AUX
fsr-3739	263	9	the	the	DET
fsr-3739	263	10	put	put	NOUN
fsr-3739	263	11	option	option	NOUN
fsr-3739	263	12	.	.	PUNCT
fsr-3739	264	1	d.	d.	NOUN
fsr-3739	264	2	ten	ten	NUM
fsr-3739	264	3	-	-	PUNCT
fsr-3739	264	4	year	year	NOUN
fsr-3739	264	5	horizon	horizon	NOUN
fsr-3739	264	6	ten	ten	NUM
fsr-3739	264	7	-	-	PUNCT
fsr-3739	264	8	year	year	NOUN
fsr-3739	264	9	,	,	PUNCT
fsr-3739	264	10	coupon	coupon	NOUN
fsr-3739	264	11	-	-	PUNCT
fsr-3739	264	12	bearing	bear	VERB
fsr-3739	264	13	treasuries	treasury	NOUN
fsr-3739	264	14	yield	yield	VERB
fsr-3739	264	15	5.89	5.89	NUM
fsr-3739	264	16	%	%	NOUN
fsr-3739	264	17	.	.	PUNCT
fsr-3739	265	1	the	the	DET
fsr-3739	265	2	straight	straight	ADJ
fsr-3739	265	3	debt	debt	NOUN
fsr-3739	265	4	value	value	NOUN
fsr-3739	265	5	of	of	ADP
fsr-3739	265	6	the	the	DET
fsr-3739	265	7	savings	saving	NOUN
fsr-3739	265	8	bond	bond	NOUN
fsr-3739	265	9	is	be	AUX
fsr-3739	265	10	$	$	SYM
fsr-3739	265	11	0.8587	0.8587	NUM
fsr-3739	265	12	.	.	PUNCT
fsr-3739	266	1	the	the	DET
fsr-3739	266	2	put	put	NOUN
fsr-3739	266	3	option	option	NOUN
fsr-3739	266	4	in	in	ADP
fsr-3739	266	5	the	the	DET
fsr-3739	266	6	savings	saving	NOUN
fsr-3739	266	7	bond	bond	NOUN
fsr-3739	266	8	is	be	AUX
fsr-3739	266	9	thus	thus	ADV
fsr-3739	266	10	worth	worth	ADJ
fsr-3739	266	11	$	$	SYM
fsr-3739	266	12	0.1413	0.1413	NUM
fsr-3739	266	13	,	,	PUNCT
fsr-3739	266	14	because	because	SCONJ
fsr-3739	266	15	it	it	PRON
fsr-3739	266	16	allows	allow	VERB
fsr-3739	266	17	it	it	PRON
fsr-3739	266	18	to	to	PART
fsr-3739	266	19	be	be	AUX
fsr-3739	266	20	sold	sell	VERB
fsr-3739	266	21	at	at	ADP
fsr-3739	266	22	$	$	SYM
fsr-3739	266	23	1.00	1.00	NUM
fsr-3739	266	24	(	(	PUNCT
fsr-3739	266	25	par	par	NOUN
fsr-3739	266	26	)	)	PUNCT
fsr-3739	266	27	.	.	PUNCT
fsr-3739	267	1	it	it	PRON
fsr-3739	267	2	is	be	AUX
fsr-3739	267	3	clear	clear	ADJ
fsr-3739	267	4	that	that	SCONJ
fsr-3739	267	5	the	the	DET
fsr-3739	267	6	value	value	NOUN
fsr-3739	267	7	of	of	ADP
fsr-3739	267	8	the	the	DET
fsr-3739	267	9	same	same	ADJ
fsr-3739	267	10	option	option	NOUN
fsr-3739	267	11	sold	sell	VERB
fsr-3739	267	12	in	in	ADP
fsr-3739	267	13	the	the	DET
fsr-3739	267	14	financial	financial	ADJ
fsr-3739	267	15	markets	market	NOUN
fsr-3739	267	16	would	would	AUX
fsr-3739	267	17	be	be	AUX
fsr-3739	267	18	worth	worth	ADJ
fsr-3739	267	19	well	well	ADV
fsr-3739	267	20	less	less	ADJ
fsr-3739	267	21	than	than	ADP
fsr-3739	267	22	this	this	DET
fsr-3739	267	23	amount	amount	NOUN
fsr-3739	267	24	;	;	PUNCT
fsr-3739	267	25	the	the	DET
fsr-3739	267	26	put	put	NOUN
fsr-3739	267	27	option	option	NOUN
fsr-3739	267	28	is	be	AUX
fsr-3739	267	29	so	so	ADV
fsr-3739	267	30	deep	deep	ADV
fsr-3739	267	31	out	out	ADP
fsr-3739	267	32	of	of	ADP
fsr-3739	267	33	the	the	DET
fsr-3739	267	34	money	money	NOUN
fsr-3739	267	35	that	that	PRON
fsr-3739	267	36	it	it	PRON
fsr-3739	267	37	can	can	AUX
fsr-3739	267	38	not	not	PART
fsr-3739	267	39	be	be	AUX
fsr-3739	267	40	priced	price	VERB
fsr-3739	267	41	with	with	ADP
fsr-3739	267	42	current	current	ADJ
fsr-3739	267	43	(	(	PUNCT
fsr-3739	267	44	august	august	PROPN
fsr-3739	267	45	16	16	NUM
fsr-3739	267	46	,	,	PUNCT
fsr-3739	267	47	1993	1993	NUM
fsr-3739	267	48	)	)	PUNCT
fsr-3739	267	49	market	market	NOUN
fsr-3739	267	50	quotes	quote	NOUN
fsr-3739	267	51	.	.	PUNCT
fsr-3739	268	1	this	this	PRON
fsr-3739	268	2	implies	imply	VERB
fsr-3739	268	3	that	that	SCONJ
fsr-3739	268	4	the	the	DET
fsr-3739	268	5	hh	hh	PROPN
fsr-3739	268	6	savings	saving	NOUN
fsr-3739	268	7	bond	bond	NOUN
fsr-3739	268	8	offers	offer	VERB
fsr-3739	268	9	a	a	DET
fsr-3739	268	10	noncompetitive	noncompetitive	ADJ
fsr-3739	268	11	package	package	NOUN
fsr-3739	268	12	for	for	ADP
fsr-3739	268	13	the	the	DET
fsr-3739	268	14	investor	investor	NOUN
fsr-3739	268	15	with	with	ADP
fsr-3739	268	16	a	a	DET
fsr-3739	268	17	ten	ten	NUM
fsr-3739	268	18	-	-	PUNCT
fsr-3739	268	19	year	year	NOUN
fsr-3739	268	20	investment	investment	NOUN
fsr-3739	268	21	horizon	horizon	NOUN
fsr-3739	268	22	.	.	PUNCT
fsr-3739	269	1	if	if	SCONJ
fsr-3739	269	2	such	such	DET
fsr-3739	269	3	an	an	DET
fsr-3739	269	4	investor	investor	NOUN
fsr-3739	269	5	currently	currently	ADV
fsr-3739	269	6	holds	hold	VERB
fsr-3739	269	7	an	an	DET
fsr-3739	269	8	hh	hh	ADJ
fsr-3739	269	9	bond	bond	NOUN
fsr-3739	269	10	,	,	PUNCT
fsr-3739	269	11	then	then	ADV
fsr-3739	269	12	he	he	PRON
fsr-3739	269	13	or	or	CCONJ
fsr-3739	269	14	she	she	PRON
fsr-3739	269	15	should	should	AUX
fsr-3739	269	16	exercise	exercise	VERB
fsr-3739	269	17	its	its	PRON
fsr-3739	269	18	overvalued	overvalued	ADJ
fsr-3739	269	19	put	put	NOUN
fsr-3739	269	20	.	.	PUNCT
fsr-3739	270	1	if	if	SCONJ
fsr-3739	270	2	the	the	DET
fsr-3739	270	3	bond	bond	NOUN
fsr-3739	270	4	’s	’s	PART
fsr-3739	270	5	put	put	NOUN
fsr-3739	270	6	is	be	AUX
fsr-3739	270	7	not	not	PART
fsr-3739	270	8	exercised	exercise	VERB
fsr-3739	270	9	,	,	PUNCT
fsr-3739	270	10	it	it	PRON
fsr-3739	270	11	will	will	AUX
fsr-3739	270	12	likely	likely	ADV
fsr-3739	270	13	lose	lose	VERB
fsr-3739	270	14	value	value	NOUN
fsr-3739	270	15	as	as	ADP
fsr-3739	270	16	the	the	DET
fsr-3739	270	17	maturity	maturity	NOUN
fsr-3739	270	18	of	of	ADP
fsr-3739	270	19	the	the	DET
fsr-3739	270	20	underlying	underlie	VERB
fsr-3739	270	21	bond	bond	NOUN
fsr-3739	270	22	shortens	shorten	VERB
fsr-3739	270	23	.	.	PUNCT
fsr-3739	271	1	v.	v.	ADP
fsr-3739	271	2	tax	tax	NOUN
fsr-3739	271	3	strategies	strategy	NOUN
fsr-3739	271	4	in	in	ADP
fsr-3739	271	5	section	section	NOUN
fsr-3739	271	6	iv	iv	NUM
fsr-3739	271	7	,	,	PUNCT
fsr-3739	271	8	we	we	PRON
fsr-3739	271	9	examined	examine	VERB
fsr-3739	271	10	the	the	DET
fsr-3739	271	11	value	value	NOUN
fsr-3739	271	12	of	of	ADP
fsr-3739	271	13	the	the	DET
fsr-3739	271	14	put	put	NOUN
fsr-3739	271	15	option	option	NOUN
fsr-3739	271	16	.	.	PUNCT
fsr-3739	272	1	in	in	ADP
fsr-3739	272	2	this	this	DET
fsr-3739	272	3	section	section	NOUN
fsr-3739	272	4	,	,	PUNCT
fsr-3739	272	5	we	we	PRON
fsr-3739	272	6	examine	examine	VERB
fsr-3739	272	7	several	several	ADJ
fsr-3739	272	8	investment	investment	NOUN
fsr-3739	272	9	strategies	strategy	NOUN
fsr-3739	272	10	that	that	PRON
fsr-3739	272	11	are	be	AUX
fsr-3739	272	12	based	base	VERB
fsr-3739	272	13	on	on	ADP
fsr-3739	272	14	tax	tax	NOUN
fsr-3739	272	15	options	option	NOUN
fsr-3739	272	16	.	.	PUNCT
fsr-3739	273	1	the	the	DET
fsr-3739	273	2	tax	tax	NOUN
fsr-3739	273	3	options	option	NOUN
fsr-3739	273	4	on	on	ADP
fsr-3739	273	5	ee	ee	PROPN
fsr-3739	273	6	bonds	bond	NOUN
fsr-3739	273	7	were	be	AUX
fsr-3739	273	8	described	describe	VERB
fsr-3739	273	9	in	in	ADP
fsr-3739	273	10	section	section	NOUN
fsr-3739	273	11	ii	ii	PROPN
fsr-3739	273	12	and	and	CCONJ
fsr-3739	273	13	summarized	summarize	VERB
fsr-3739	273	14	in	in	ADP
fsr-3739	273	15	table	table	NOUN
fsr-3739	273	16	3	3	NUM
fsr-3739	273	17	.	.	PUNCT
fsr-3739	273	18	a.	a.	NOUN
fsr-3739	273	19	beat	beat	VERB
fsr-3739	273	20	the	the	DET
fsr-3739	273	21	<	<	NOUN
fsr-3739	273	22	‘	'	PUNCT
fsr-3739	273	23	kiddie	kiddie	ADJ
fsr-3739	273	24	tax	tax	NOUN
fsr-3739	273	25	”	"	PUNCT
fsr-3739	273	26	the	the	DET
fsr-3739	273	27	“	"	PUNCT
fsr-3739	273	28	kiddie	kiddie	ADJ
fsr-3739	273	29	tax	tax	NOUN
fsr-3739	273	30	”	"	PUNCT
fsr-3739	273	31	section	section	NOUN
fsr-3739	273	32	of	of	ADP
fsr-3739	273	33	the	the	DET
fsr-3739	273	34	tax	tax	NOUN
fsr-3739	273	35	reform	reform	NOUN
fsr-3739	273	36	act	act	NOUN
fsr-3739	273	37	of	of	ADP
fsr-3739	273	38	1986	1986	NUM
fsr-3739	273	39	was	be	AUX
fsr-3739	273	40	written	write	VERB
fsr-3739	273	41	to	to	PART
fsr-3739	273	42	limit	limit	VERB
fsr-3739	273	43	parents	parent	NOUN
fsr-3739	273	44	’	’	PART
fsr-3739	273	45	ability	ability	NOUN
fsr-3739	273	46	to	to	PART
fsr-3739	273	47	lower	lower	VERB
fsr-3739	273	48	taxes	taxis	NOUN
fsr-3739	273	49	by	by	ADP
fsr-3739	273	50	shifting	shift	VERB
fsr-3739	273	51	income	income	NOUN
fsr-3739	273	52	to	to	ADP
fsr-3739	273	53	their	their	PRON
fsr-3739	273	54	children	child	NOUN
fsr-3739	273	55	.	.	PUNCT
fsr-3739	274	1	in	in	ADP
fsr-3739	274	2	1993	1993	NUM
fsr-3739	274	3	,	,	PUNCT
fsr-3739	274	4	for	for	ADP
fsr-3739	274	5	a	a	DET
fsr-3739	274	6	child	child	NOUN
fsr-3739	274	7	under	under	ADP
fsr-3739	274	8	age	age	NOUN
fsr-3739	274	9	14	14	NUM
fsr-3739	274	10	,	,	PUNCT
fsr-3739	274	11	unearned	unearned	ADJ
fsr-3739	274	12	income	income	NOUN
fsr-3739	274	13	in	in	ADP
fsr-3739	274	14	excess	excess	NOUN
fsr-3739	274	15	of	of	ADP
fsr-3739	274	16	$	$	SYM
fsr-3739	274	17	1,200	1,200	NUM
fsr-3739	274	18	was	be	AUX
fsr-3739	274	19	taxed	tax	VERB
fsr-3739	274	20	at	at	ADP
fsr-3739	274	21	the	the	DET
fsr-3739	274	22	higher	high	ADJ
fsr-3739	274	23	of	of	ADP
fsr-3739	274	24	the	the	DET
fsr-3739	274	25	child	child	NOUN
fsr-3739	274	26	’s	’s	NOUN
fsr-3739	274	27	or	or	CCONJ
fsr-3739	274	28	the	the	DET
fsr-3739	274	29	parents	parent	NOUN
fsr-3739	274	30	’	’	PART
fsr-3739	274	31	marginal	marginal	ADJ
fsr-3739	274	32	tax	tax	NOUN
fsr-3739	274	33	rate	rate	NOUN
fsr-3739	274	34	.	.	PUNCT
fsr-3739	275	1	this	this	PRON
fsr-3739	275	2	greatly	greatly	ADV
fsr-3739	275	3	reduces	reduce	VERB
fsr-3739	275	4	parents	parent	NOUN
fsr-3739	275	5	’	’	PART
fsr-3739	275	6	ability	ability	NOUN
fsr-3739	275	7	to	to	PART
fsr-3739	275	8	reduce	reduce	VERB
fsr-3739	275	9	taxes	taxis	NOUN
fsr-3739	275	10	by	by	ADP
fsr-3739	275	11	shifting	shift	VERB
fsr-3739	275	12	income	income	NOUN
fsr-3739	275	13	to	to	ADP
fsr-3739	275	14	a	a	DET
fsr-3739	275	15	child	child	NOUN
fsr-3739	275	16	under	under	ADP
fsr-3739	275	17	14	14	NUM
fsr-3739	275	18	.	.	PUNCT
fsr-3739	276	1	once	once	ADV
fsr-3739	276	2	a	a	DET
fsr-3739	276	3	child	child	NOUN
fsr-3739	276	4	reaches	reach	VERB
fsr-3739	276	5	14	14	NUM
fsr-3739	276	6	,	,	PUNCT
fsr-3739	276	7	all	all	PRON
fsr-3739	276	8	of	of	ADP
fsr-3739	276	9	his	his	PRON
fsr-3739	276	10	or	or	CCONJ
fsr-3739	276	11	her	her	PRON
fsr-3739	276	12	income	income	NOUN
fsr-3739	276	13	is	be	AUX
fsr-3739	276	14	taxed	tax	VERB
fsr-3739	276	15	at	at	ADP
fsr-3739	276	16	the	the	DET
fsr-3739	276	17	child	child	NOUN
fsr-3739	276	18	’s	’s	PART
fsr-3739	276	19	tax	tax	NOUN
fsr-3739	276	20	rate	rate	NOUN
fsr-3739	276	21	.	.	PUNCT
fsr-3739	277	1	the	the	DET
fsr-3739	277	2	ee	ee	PROPN
fsr-3739	277	3	bond	bond	NOUN
fsr-3739	277	4	offers	offer	VERB
fsr-3739	277	5	parents	parent	NOUN
fsr-3739	277	6	the	the	DET
fsr-3739	277	7	opportunity	opportunity	NOUN
fsr-3739	277	8	to	to	PART
fsr-3739	277	9	shift	shift	VERB
fsr-3739	277	10	earning	earn	VERB
fsr-3739	277	11	assets	asset	NOUN
fsr-3739	277	12	to	to	ADP
fsr-3739	277	13	children	child	NOUN
fsr-3739	277	14	under	under	ADP
fsr-3739	277	15	14	14	NUM
fsr-3739	277	16	without	without	ADP
fsr-3739	277	17	exceeding	exceed	VERB
fsr-3739	277	18	the	the	DET
fsr-3739	277	19	income	income	NOUN
fsr-3739	277	20	limit	limit	NOUN
fsr-3739	277	21	.	.	PUNCT
fsr-3739	278	1	parents	parent	NOUN
fsr-3739	278	2	can	can	AUX
fsr-3739	278	3	register	register	VERB
fsr-3739	278	4	(	(	PUNCT
fsr-3739	278	5	i.e.	i.e.	X
fsr-3739	278	6	,	,	PUNCT
fsr-3739	278	7	buy	buy	VERB
fsr-3739	278	8	)	)	PUNCT
fsr-3739	278	9	ee	ee	PROPN
fsr-3739	278	10	bonds	bond	NOUN
fsr-3739	278	11	in	in	ADP
fsr-3739	278	12	the	the	DET
fsr-3739	278	13	child	child	NOUN
fsr-3739	278	14	’s	’s	PART
fsr-3739	278	15	name	name	NOUN
fsr-3739	278	16	.	.	PUNCT
fsr-3739	279	1	suppose	suppose	VERB
fsr-3739	279	2	a	a	DET
fsr-3739	279	3	couple	couple	NOUN
fsr-3739	279	4	registers	register	NOUN
fsr-3739	279	5	$	$	SYM
fsr-3739	279	6	10,000	10,000	NUM
fsr-3739	279	7	(	(	PUNCT
fsr-3739	279	8	redemption	redemption	NOUN
fsr-3739	279	9	value	value	NOUN
fsr-3739	279	10	)	)	PUNCT
fsr-3739	279	11	of	of	ADP
fsr-3739	279	12	ee	ee	PROPN
fsr-3739	279	13	bonds	bond	NOUN
fsr-3739	279	14	in	in	ADP
fsr-3739	279	15	johnny	johnny	PROPN
fsr-3739	279	16	’s	’s	PART
fsr-3739	279	17	name	name	NOUN
fsr-3739	279	18	on	on	ADP
fsr-3739	279	19	his	his	PRON
fsr-3739	279	20	fourth	fourth	ADJ
fsr-3739	279	21	birthday	birthday	NOUN
fsr-3739	279	22	.	.	PUNCT
fsr-3739	280	1	at	at	ADP
fsr-3739	280	2	this	this	DET
fsr-3739	280	3	point	point	NOUN
fsr-3739	280	4	,	,	PUNCT
fsr-3739	280	5	the	the	DET
fsr-3739	280	6	interest	interest	NOUN
fsr-3739	280	7	can	can	AUX
fsr-3739	280	8	be	be	AUX
fsr-3739	280	9	treated	treat	VERB
fsr-3739	280	10	in	in	ADP
fsr-3739	280	11	one	one	NUM
fsr-3739	280	12	of	of	ADP
fsr-3739	280	13	two	two	NUM
fsr-3739	280	14	ways	way	NOUN
fsr-3739	280	15	.	.	PUNCT
fsr-3739	281	1	first	first	ADV
fsr-3739	281	2	,	,	PUNCT
fsr-3739	281	3	johnny	johnny	PROPN
fsr-3739	281	4	can	can	AUX
fsr-3739	281	5	hold	hold	VERB
fsr-3739	281	6	the	the	DET
fsr-3739	281	7	bonds	bond	NOUN
fsr-3739	281	8	until	until	SCONJ
fsr-3739	281	9	he	he	PRON
fsr-3739	281	10	turns	turn	VERB
fsr-3739	281	11	14	14	NUM
fsr-3739	281	12	,	,	PUNCT
fsr-3739	281	13	when	when	SCONJ
fsr-3739	281	14	they	they	PRON
fsr-3739	281	15	will	will	AUX
fsr-3739	281	16	be	be	AUX
fsr-3739	281	17	worth	worth	ADJ
fsr-3739	281	18	at	at	ADV
fsr-3739	281	19	least	least	ADV
fsr-3739	281	20	$	$	SYM
fsr-3739	281	21	14,908	14,908	NUM
fsr-3739	281	22	.	.	PUNCT
fsr-3739	282	1	if	if	SCONJ
fsr-3739	282	2	redeemed	redeem	VERB
fsr-3739	282	3	,	,	PUNCT
fsr-3739	282	4	the	the	DET
fsr-3739	282	5	$	$	SYM
fsr-3739	282	6	4,908	4,908	NUM
fsr-3739	282	7	of	of	ADP
fsr-3739	282	8	deferred	defer	VERB
fsr-3739	282	9	interest	interest	NOUN
fsr-3739	282	10	will	will	AUX
fsr-3739	282	11	be	be	AUX
fsr-3739	282	12	taxed	tax	VERB
fsr-3739	282	13	at	at	ADP
fsr-3739	282	14	johnny	johnny	PROPN
fsr-3739	282	15	’s	’s	PART
fsr-3739	282	16	tax	tax	NOUN
fsr-3739	282	17	rate	rate	NOUN
fsr-3739	282	18	.	.	PUNCT
fsr-3739	283	1	in	in	ADP
fsr-3739	283	2	the	the	DET
fsr-3739	283	3	meantime	meantime	NOUN
fsr-3739	283	4	,	,	PUNCT
fsr-3739	283	5	the	the	DET
fsr-3739	283	6	parents	parent	NOUN
fsr-3739	283	7	can	can	AUX
fsr-3739	283	8	shift	shift	VERB
fsr-3739	283	9	enough	enough	ADJ
fsr-3739	283	10	other	other	ADJ
fsr-3739	283	11	assets	asset	NOUN
fsr-3739	283	12	into	into	ADP
fsr-3739	283	13	johnny	johnny	PROPN
fsr-3739	283	14	’s	’s	PART
fsr-3739	283	15	name	name	NOUN
fsr-3739	283	16	to	to	PART
fsr-3739	283	17	fully	fully	ADV
fsr-3739	283	18	use	use	VERB
fsr-3739	283	19	the	the	DET
fsr-3739	283	20	income	income	NOUN
fsr-3739	283	21	limit	limit	NOUN
fsr-3739	283	22	,	,	PUNCT
fsr-3739	283	23	currently	currently	ADV
fsr-3739	283	24	$	$	SYM
fsr-3739	283	25	1,200	1,200	NUM
fsr-3739	283	26	,	,	PUNCT
fsr-3739	283	27	before	before	SCONJ
fsr-3739	283	28	he	he	PRON
fsr-3739	283	29	turns	turn	VERB
fsr-3739	283	30	14	14	NUM
fsr-3739	283	31	.	.	PUNCT
fsr-3739	284	1	second	second	ADJ
fsr-3739	284	2	,	,	PUNCT
fsr-3739	284	3	if	if	SCONJ
fsr-3739	284	4	johnny	johnny	PROPN
fsr-3739	284	5	is	be	AUX
fsr-3739	284	6	not	not	PART
fsr-3739	284	7	using	use	VERB
fsr-3739	284	8	the	the	DET
fsr-3739	284	9	income	income	NOUN
fsr-3739	284	10	limit	limit	NOUN
fsr-3739	284	11	,	,	PUNCT
fsr-3739	284	12	he	he	PRON
fsr-3739	284	13	can	can	AUX
fsr-3739	284	14	elect	elect	VERB
fsr-3739	284	15	to	to	PART
fsr-3739	284	16	pay	pay	VERB
fsr-3739	284	17	taxes	taxis	NOUN
fsr-3739	284	18	on	on	ADP
fsr-3739	284	19	the	the	DET
fsr-3739	284	20	interest	interest	NOUN
fsr-3739	284	21	as	as	SCONJ
fsr-3739	284	22	it	it	PRON
fsr-3739	284	23	accrues	accrue	VERB
fsr-3739	284	24	.	.	PUNCT
fsr-3739	285	1	as	as	ADP
fsr-3739	285	2	of	of	ADP
fsr-3739	285	3	1993	1993	NUM
fsr-3739	285	4	,	,	PUNCT
fsr-3739	285	5	the	the	DET
fsr-3739	285	6	first	first	ADJ
fsr-3739	285	7	$	$	SYM
fsr-3739	285	8	600	600	NUM
fsr-3739	285	9	of	of	ADP
fsr-3739	285	10	unearned	unearned	ADJ
fsr-3739	285	11	income	income	NOUN
fsr-3739	285	12	is	be	AUX
fsr-3739	285	13	tax	tax	NOUN
fsr-3739	285	14	free	free	ADJ
fsr-3739	285	15	.	.	PUNCT
fsr-3739	286	1	thus	thus	ADV
fsr-3739	286	2	,	,	PUNCT
fsr-3739	286	3	if	if	SCONJ
fsr-3739	286	4	the	the	DET
fsr-3739	286	5	$	$	SYM
fsr-3739	286	6	lo,~o	lo,~o	NOUN
fsr-3739	286	7	ee	ee	ADP
fsr-3739	286	8	bond	bond	NOUN
fsr-3739	286	9	is	be	AUX
fsr-3739	286	10	the	the	DET
fsr-3739	286	11	only	only	ADJ
fsr-3739	286	12	asset	asset	NOUN
fsr-3739	286	13	in	in	ADP
fsr-3739	286	14	johnny	johnny	PROPN
fsr-3739	286	15	’s	’s	PART
fsr-3739	286	16	name	name	NOUN
fsr-3739	286	17	,	,	PUNCT
fsr-3739	286	18	he	he	PRON
fsr-3739	286	19	should	should	AUX
fsr-3739	286	20	claim	claim	VERB
fsr-3739	286	21	the	the	DET
fsr-3739	286	22	interest	interest	NOUN
fsr-3739	286	23	annually	annually	ADV
fsr-3739	286	24	.	.	PUNCT
fsr-3739	287	1	in	in	ADP
fsr-3739	287	2	the	the	DET
fsr-3739	287	3	first	first	ADJ
fsr-3739	287	4	year	year	NOUN
fsr-3739	287	5	,	,	PUNCT
fsr-3739	287	6	he	he	PRON
fsr-3739	287	7	will	will	AUX
fsr-3739	287	8	claim	claim	VERB
fsr-3739	287	9	$	$	SYM
fsr-3739	287	10	408	408	NUM
fsr-3739	287	11	of	of	ADP
fsr-3739	287	12	interest	interest	NOUN
fsr-3739	287	13	and	and	CCONJ
fsr-3739	287	14	pay	pay	VERB
fsr-3739	287	15	no	no	DET
fsr-3739	287	16	taxes	taxis	NOUN
fsr-3739	287	17	.	.	PUNCT
fsr-3739	288	1	in	in	ADP
fsr-3739	288	2	the	the	DET
fsr-3739	288	3	second	second	ADJ
fsr-3739	288	4	year	year	NOUN
fsr-3739	288	5	,	,	PUNCT
fsr-3739	288	6	he	he	PRON
fsr-3739	288	7	will	will	AUX
fsr-3739	288	8	claim	claim	VERB
fsr-3739	288	9	$	$	SYM
fsr-3739	288	10	424	424	NUM
fsr-3739	288	11	of	of	ADP
fsr-3739	288	12	interest	interest	NOUN
fsr-3739	288	13	and	and	CCONJ
fsr-3739	288	14	avoid	avoid	VERB
fsr-3739	288	15	taxes	taxis	NOUN
fsr-3739	288	16	[	[	X
fsr-3739	288	17	$	$	SYM
fsr-3739	288	18	10,832	10,832	NUM
fsr-3739	288	19	$	$	SYM
fsr-3739	288	20	10,424	10,424	NUM
fsr-3739	288	21	]	]	PUNCT
fsr-3739	288	22	.	.	PUNCT
fsr-3739	289	1	if	if	SCONJ
fsr-3739	289	2	the	the	DET
fsr-3739	289	3	accrued	accrue	VERB
fsr-3739	289	4	interest	interest	NOUN
fsr-3739	289	5	ever	ever	ADV
fsr-3739	289	6	exceeds	exceed	VERB
fsr-3739	289	7	analysis	analysis	NOUN
fsr-3739	289	8	of	of	ADP
fsr-3739	289	9	u.s	u.s	PROPN
fsr-3739	289	10	.	.	PROPN
fsr-3739	289	11	savings	saving	NOUN
fsr-3739	289	12	bonds	bond	NOUN
fsr-3739	289	13	53	53	NUM
fsr-3739	289	14	the	the	DET
fsr-3739	289	15	income	income	NOUN
fsr-3739	289	16	limit	limit	NOUN
fsr-3739	289	17	,	,	PUNCT
fsr-3739	289	18	the	the	DET
fsr-3739	289	19	parents	parent	NOUN
fsr-3739	289	20	can	can	AUX
fsr-3739	289	21	change	change	VERB
fsr-3739	289	22	the	the	DET
fsr-3739	289	23	tax	tax	NOUN
fsr-3739	289	24	treatment	treatment	NOUN
fsr-3739	289	25	from	from	ADP
fsr-3739	289	26	the	the	DET
fsr-3739	289	27	accrual	accrual	ADJ
fsr-3739	289	28	method	method	NOUN
fsr-3739	289	29	(	(	PUNCT
fsr-3739	289	30	method	method	NOUN
fsr-3739	289	31	2	2	NUM
fsr-3739	289	32	)	)	PUNCT
fsr-3739	289	33	to	to	ADP
fsr-3739	289	34	the	the	DET
fsr-3739	289	35	deferral	deferral	ADJ
fsr-3739	289	36	method	method	NOUN
fsr-3739	289	37	(	(	PUNCT
fsr-3739	289	38	method	method	NOUN
fsr-3739	289	39	1	1	NUM
fsr-3739	289	40	)	)	PUNCT
fsr-3739	289	41	.	.	PUNCT
fsr-3739	290	1	by	by	ADP
fsr-3739	290	2	registering	register	VERB
fsr-3739	290	3	savings	saving	NOUN
fsr-3739	290	4	bonds	bond	NOUN
fsr-3739	290	5	in	in	ADP
fsr-3739	290	6	a	a	DET
fsr-3739	290	7	child	child	NOUN
fsr-3739	290	8	’s	’s	PART
fsr-3739	290	9	name	name	NOUN
fsr-3739	290	10	,	,	PUNCT
fsr-3739	290	11	parents	parent	NOUN
fsr-3739	290	12	can	can	AUX
fsr-3739	290	13	help	help	VERB
fsr-3739	290	14	finance	finance	VERB
fsr-3739	290	15	any	any	DET
fsr-3739	290	16	future	future	ADJ
fsr-3739	290	17	expense	expense	ADJ
fsr-3739	290	18	-	-	PUNCT
fsr-3739	290	19	summer	summer	NOUN
fsr-3739	290	20	camp	camp	NOUN
fsr-3739	290	21	,	,	PUNCT
fsr-3739	290	22	room	room	NOUN
fsr-3739	290	23	and	and	CCONJ
fsr-3739	290	24	board	board	NOUN
fsr-3739	290	25	at	at	ADP
fsr-3739	290	26	college	college	NOUN
fsr-3739	290	27	,	,	PUNCT
fsr-3739	290	28	or	or	CCONJ
fsr-3739	290	29	college	college	NOUN
fsr-3739	290	30	tuition	tuition	NOUN
fsr-3739	290	31	.	.	PUNCT
fsr-3739	291	1	the	the	DET
fsr-3739	291	2	next	next	ADJ
fsr-3739	291	3	strategy	strategy	NOUN
fsr-3739	291	4	can	can	AUX
fsr-3739	291	5	only	only	ADV
fsr-3739	291	6	be	be	AUX
fsr-3739	291	7	used	use	VERB
fsr-3739	291	8	to	to	PART
fsr-3739	291	9	finance	finance	VERB
fsr-3739	291	10	tuition	tuition	NOUN
fsr-3739	291	11	and	and	CCONJ
fsr-3739	291	12	fees	fee	NOUN
fsr-3739	291	13	at	at	ADP
fsr-3739	291	14	most	most	ADV
fsr-3739	291	15	higher	high	ADJ
fsr-3739	291	16	educational	educational	ADJ
fsr-3739	291	17	institutions	institution	NOUN
fsr-3739	291	18	.	.	PUNCT
fsr-3739	292	1	b.	b.	PROPN
fsr-3739	292	2	educational	educational	ADJ
fsr-3739	292	3	savings	saving	NOUN
fsr-3739	292	4	bond	bond	NOUN
fsr-3739	292	5	program	program	NOUN
fsr-3739	292	6	the	the	DET
fsr-3739	292	7	accumulated	accumulate	VERB
fsr-3739	292	8	interest	interest	NOUN
fsr-3739	292	9	on	on	ADP
fsr-3739	292	10	ee	ee	PROPN
fsr-3739	292	11	bonds	bond	NOUN
fsr-3739	292	12	may	may	AUX
fsr-3739	292	13	be	be	AUX
fsr-3739	292	14	partially	partially	ADV
fsr-3739	292	15	or	or	CCONJ
fsr-3739	292	16	fully	fully	ADV
fsr-3739	292	17	tax	tax	NOUN
fsr-3739	292	18	exempt	exempt	ADJ
fsr-3739	292	19	if	if	SCONJ
fsr-3739	292	20	used	use	VERB
fsr-3739	292	21	to	to	PART
fsr-3739	292	22	pay	pay	VERB
fsr-3739	292	23	for	for	ADP
fsr-3739	292	24	qualifying	qualify	VERB
fsr-3739	292	25	educational	educational	ADJ
fsr-3739	292	26	expenses	expense	NOUN
fsr-3739	292	27	.	.	PUNCT
fsr-3739	293	1	to	to	PART
fsr-3739	293	2	qualify	qualify	VERB
fsr-3739	293	3	,	,	PUNCT
fsr-3739	293	4	the	the	DET
fsr-3739	293	5	bonds	bond	NOUN
fsr-3739	293	6	must	must	AUX
fsr-3739	293	7	be	be	AUX
fsr-3739	293	8	issued	issue	VERB
fsr-3739	293	9	after	after	ADP
fsr-3739	293	10	1989	1989	NUM
fsr-3739	293	11	.	.	PUNCT
fsr-3739	294	1	they	they	PRON
fsr-3739	294	2	can	can	AUX
fsr-3739	294	3	be	be	AUX
fsr-3739	294	4	purchased	purchase	VERB
fsr-3739	294	5	by	by	ADP
fsr-3739	294	6	anyone	anyone	PRON
fsr-3739	294	7	,	,	PUNCT
fsr-3739	294	8	but	but	CCONJ
fsr-3739	294	9	they	they	PRON
fsr-3739	294	10	must	must	AUX
fsr-3739	294	11	be	be	AUX
fsr-3739	294	12	issued	issue	VERB
fsr-3739	294	13	in	in	ADP
fsr-3739	294	14	one	one	NUM
fsr-3739	294	15	or	or	CCONJ
fsr-3739	294	16	both	both	DET
fsr-3739	294	17	parents	parent	NOUN
fsr-3739	294	18	’	’	PART
fsr-3739	294	19	names	name	NOUN
fsr-3739	294	20	.	.	PUNCT
fsr-3739	295	1	the	the	DET
fsr-3739	295	2	bond	bond	NOUN
fsr-3739	295	3	can	can	AUX
fsr-3739	295	4	not	not	PART
fsr-3739	295	5	be	be	AUX
fsr-3739	295	6	issued	issue	VERB
fsr-3739	295	7	in	in	ADP
fsr-3739	295	8	the	the	DET
fsr-3739	295	9	child	child	NOUN
fsr-3739	295	10	’s	’s	PART
fsr-3739	295	11	name	name	NOUN
fsr-3739	295	12	,	,	PUNCT
fsr-3739	295	13	but	but	CCONJ
fsr-3739	295	14	he	he	PRON
fsr-3739	295	15	/	/	PRON
fsr-3739	295	16	she	she	PRON
fsr-3739	295	17	may	may	AUX
fsr-3739	295	18	be	be	AUX
fsr-3739	295	19	registered	register	VERB
fsr-3739	295	20	as	as	ADP
fsr-3739	295	21	the	the	DET
fsr-3739	295	22	beneficiary	beneficiary	NOUN
fsr-3739	295	23	.	.	PUNCT
fsr-3739	296	1	the	the	DET
fsr-3739	296	2	bonds	bond	NOUN
fsr-3739	296	3	must	must	AUX
fsr-3739	296	4	be	be	AUX
fsr-3739	296	5	redeemed	redeem	VERB
fsr-3739	296	6	in	in	ADP
fsr-3739	296	7	the	the	DET
fsr-3739	296	8	year	year	NOUN
fsr-3739	296	9	the	the	DET
fsr-3739	296	10	bond	bond	NOUN
fsr-3739	296	11	owner	owner	NOUN
fsr-3739	296	12	pays	pay	VERB
fsr-3739	296	13	qualified	qualified	ADJ
fsr-3739	296	14	educational	educational	ADJ
fsr-3739	296	15	expenses	expense	NOUN
fsr-3739	296	16	-	-	PUNCT
fsr-3739	296	17	tuition	tuition	NOUN
fsr-3739	296	18	and	and	CCONJ
fsr-3739	296	19	fees	fee	NOUN
fsr-3739	296	20	-	-	PUNCT
fsr-3739	296	21	to	to	ADP
fsr-3739	296	22	an	an	DET
fsr-3739	296	23	eligible	eligible	ADJ
fsr-3739	296	24	educational	educational	ADJ
fsr-3739	296	25	institution	institution	NOUN
fsr-3739	296	26	.	.	PUNCT
fsr-3739	297	1	room	room	NOUN
fsr-3739	297	2	,	,	PUNCT
fsr-3739	297	3	board	board	NOUN
fsr-3739	297	4	,	,	PUNCT
fsr-3739	297	5	and	and	CCONJ
fsr-3739	297	6	books	book	NOUN
fsr-3739	297	7	do	do	AUX
fsr-3739	297	8	not	not	PART
fsr-3739	297	9	qualify	qualify	VERB
fsr-3739	297	10	as	as	ADP
fsr-3739	297	11	educational	educational	ADJ
fsr-3739	297	12	expenses	expense	NOUN
fsr-3739	297	13	.	.	PUNCT
fsr-3739	298	1	eligible	eligible	ADJ
fsr-3739	298	2	institutions	institution	NOUN
fsr-3739	298	3	include	include	VERB
fsr-3739	298	4	colleges	college	NOUN
fsr-3739	298	5	,	,	PUNCT
fsr-3739	298	6	universities	university	NOUN
fsr-3739	298	7	,	,	PUNCT
fsr-3739	298	8	technical	technical	ADJ
fsr-3739	298	9	institutions	institution	NOUN
fsr-3739	298	10	,	,	PUNCT
fsr-3739	298	11	and	and	CCONJ
fsr-3739	298	12	vocational	vocational	ADJ
fsr-3739	298	13	schools	school	NOUN
fsr-3739	298	14	.	.	PUNCT
fsr-3739	299	1	as	as	ADP
fsr-3739	299	2	of	of	ADP
fsr-3739	299	3	1994	1994	NUM
fsr-3739	299	4	,	,	PUNCT
fsr-3739	299	5	the	the	DET
fsr-3739	299	6	full	full	ADJ
fsr-3739	299	7	interest	interest	NOUN
fsr-3739	299	8	exclusion	exclusion	NOUN
fsr-3739	299	9	applies	apply	VERB
fsr-3739	299	10	only	only	ADV
fsr-3739	299	11	to	to	ADP
fsr-3739	299	12	couples	couple	NOUN
fsr-3739	299	13	filing	file	VERB
fsr-3739	299	14	jointly	jointly	ADV
fsr-3739	299	15	with	with	ADP
fsr-3739	299	16	modified	modified	ADJ
fsr-3739	299	17	adjusted	adjust	VERB
fsr-3739	299	18	gross	gross	ADJ
fsr-3739	299	19	income	income	NOUN
fsr-3739	299	20	of	of	ADP
fsr-3739	299	21	$	$	SYM
fsr-3739	299	22	60,000	60,000	NUM
fsr-3739	299	23	or	or	CCONJ
fsr-3739	299	24	less	less	ADJ
fsr-3739	299	25	.	.	PUNCT
fsr-3739	300	1	(	(	PUNCT
fsr-3739	300	2	modified	modify	VERB
fsr-3739	300	3	ac1	ac1	PROPN
fsr-3739	300	4	is	be	AUX
fsr-3739	300	5	adjusted	adjust	VERB
fsr-3739	300	6	gross	gross	ADJ
fsr-3739	300	7	income	income	NOUN
fsr-3739	300	8	before	before	ADP
fsr-3739	300	9	this	this	DET
fsr-3739	300	10	interest	interest	NOUN
fsr-3739	300	11	exclusion	exclusion	NOUN
fsr-3739	300	12	.	.	PUNCT
fsr-3739	300	13	)	)	PUNCT
fsr-3739	301	1	the	the	DET
fsr-3739	301	2	exemption	exemption	NOUN
fsr-3739	301	3	is	be	AUX
fsr-3739	301	4	phased	phase	VERB
fsr-3739	301	5	out	out	ADP
fsr-3739	301	6	as	as	SCONJ
fsr-3739	301	7	the	the	DET
fsr-3739	301	8	couple	couple	NOUN
fsr-3739	301	9	’s	’s	PART
fsr-3739	301	10	income	income	NOUN
fsr-3739	301	11	rises	rise	VERB
fsr-3739	301	12	until	until	SCONJ
fsr-3739	301	13	it	it	PRON
fsr-3739	301	14	is	be	AUX
fsr-3739	301	15	completely	completely	ADV
fsr-3739	301	16	eliminated	eliminate	VERB
fsr-3739	301	17	for	for	ADP
fsr-3739	301	18	couples	couple	NOUN
fsr-3739	301	19	with	with	ADP
fsr-3739	301	20	modified	modified	ADJ
fsr-3739	301	21	ac1	ac1	PROPN
fsr-3739	301	22	above	above	ADP
fsr-3739	301	23	$	$	SYM
fsr-3739	301	24	90,000	90,000	NUM
fsr-3739	301	25	.	.	PUNCT
fsr-3739	302	1	the	the	DET
fsr-3739	302	2	exemption	exemption	NOUN
fsr-3739	302	3	also	also	ADV
fsr-3739	302	4	phases	phase	VERB
fsr-3739	302	5	out	out	ADP
fsr-3739	302	6	for	for	ADP
fsr-3739	302	7	single	single	ADJ
fsr-3739	302	8	tilers	tiler	NOUN
fsr-3739	302	9	.	.	PUNCT
fsr-3739	303	1	the	the	DET
fsr-3739	303	2	corresponding	corresponding	ADJ
fsr-3739	303	3	1994	1994	NUM
fsr-3739	303	4	amounts	amount	NOUN
fsr-3739	303	5	are	be	AUX
fsr-3739	303	6	$	$	SYM
fsr-3739	303	7	40,000	40,000	NUM
fsr-3739	303	8	and	and	CCONJ
fsr-3739	303	9	$	$	SYM
fsr-3739	303	10	55,000	55,000	NUM
fsr-3739	303	11	.	.	PUNCT
fsr-3739	304	1	since	since	SCONJ
fsr-3739	304	2	the	the	DET
fsr-3739	304	3	revenue	revenue	NOUN
fsr-3739	304	4	reconciliation	reconciliation	NOUN
fsr-3739	304	5	act	act	NOUN
fsr-3739	304	6	of	of	ADP
fsr-3739	304	7	1993	1993	NUM
fsr-3739	304	8	,	,	PUNCT
fsr-3739	304	9	these	these	DET
fsr-3739	304	10	limits	limit	NOUN
fsr-3739	304	11	are	be	AUX
fsr-3739	304	12	not	not	PART
fsr-3739	304	13	indexed	index	VERB
fsr-3739	304	14	for	for	ADP
fsr-3739	304	15	inflation	inflation	NOUN
fsr-3739	304	16	.	.	PUNCT
fsr-3739	305	1	some	some	DET
fsr-3739	305	2	middle	middle	ADJ
fsr-3739	305	3	-	-	PUNCT
fsr-3739	305	4	income	income	NOUN
fsr-3739	305	5	families	family	NOUN
fsr-3739	305	6	can	can	AUX
fsr-3739	305	7	be	be	AUX
fsr-3739	305	8	reasonably	reasonably	ADV
fsr-3739	305	9	certain	certain	ADJ
fsr-3739	305	10	that	that	SCONJ
fsr-3739	305	11	the	the	DET
fsr-3739	305	12	ee	ee	PROPN
fsr-3739	305	13	interest	interest	NOUN
fsr-3739	305	14	will	will	AUX
fsr-3739	305	15	be	be	AUX
fsr-3739	305	16	fully	fully	ADV
fsr-3739	305	17	tax	tax	NOUN
fsr-3739	305	18	exempt	exempt	ADJ
fsr-3739	305	19	.	.	PUNCT
fsr-3739	306	1	these	these	DET
fsr-3739	306	2	families	family	NOUN
fsr-3739	306	3	might	might	AUX
fsr-3739	306	4	use	use	VERB
fsr-3739	306	5	ee	ee	ADP
fsr-3739	306	6	bonds	bond	NOUN
fsr-3739	306	7	issued	issue	VERB
fsr-3739	306	8	in	in	ADP
fsr-3739	306	9	the	the	DET
fsr-3739	306	10	parents	parent	NOUN
fsr-3739	306	11	’	’	PART
fsr-3739	306	12	names	name	NOUN
fsr-3739	306	13	to	to	PART
fsr-3739	306	14	finance	finance	VERB
fsr-3739	306	15	tuition	tuition	NOUN
fsr-3739	306	16	and	and	CCONJ
fsr-3739	306	17	fees	fee	NOUN
fsr-3739	306	18	and	and	CCONJ
fsr-3739	306	19	ee	ee	PROPN
fsr-3739	306	20	bonds	bond	NOUN
fsr-3739	306	21	issued	issue	VERB
fsr-3739	306	22	in	in	ADP
fsr-3739	306	23	the	the	DET
fsr-3739	306	24	child	child	NOUN
fsr-3739	306	25	’s	’s	PART
fsr-3739	306	26	name	name	NOUN
fsr-3739	306	27	to	to	ADP
fsr-3739	306	28	finance	finance	NOUN
fsr-3739	306	29	room	room	NOUN
fsr-3739	306	30	,	,	PUNCT
fsr-3739	306	31	board	board	NOUN
fsr-3739	306	32	,	,	PUNCT
fsr-3739	306	33	and	and	CCONJ
fsr-3739	306	34	books	book	NOUN
fsr-3739	306	35	.	.	PUNCT
fsr-3739	306	36	”	"	PUNCT
fsr-3739	306	37	figure	figure	NOUN
fsr-3739	306	38	3	3	NUM
fsr-3739	306	39	shows	show	VERB
fsr-3739	306	40	two	two	NUM
fsr-3739	306	41	term	term	NOUN
fsr-3739	306	42	structures	structure	NOUN
fsr-3739	306	43	of	of	ADP
fsr-3739	306	44	interest	interest	NOUN
fsr-3739	306	45	rates	rate	NOUN
fsr-3739	306	46	for	for	ADP
fsr-3739	306	47	middle	middle	ADJ
fsr-3739	306	48	-	-	PUNCT
fsr-3739	306	49	income	income	NOUN
fsr-3739	306	50	families	family	NOUN
fsr-3739	306	51	.	.	PUNCT
fsr-3739	307	1	the	the	DET
fsr-3739	307	2	first	first	ADJ
fsr-3739	307	3	is	be	AUX
fsr-3739	307	4	the	the	DET
fsr-3739	307	5	term	term	NOUN
fsr-3739	307	6	structure	structure	NOUN
fsr-3739	307	7	for	for	ADP
fsr-3739	307	8	pure	pure	ADJ
fsr-3739	307	9	-	-	PUNCT
fsr-3739	307	10	discount	discount	NOUN
fsr-3739	307	11	treasury	treasury	PROPN
fsr-3739	307	12	strip	strip	NOUN
fsr-3739	307	13	securities	security	NOUN
fsr-3739	307	14	.	.	PUNCT
fsr-3739	308	1	the	the	DET
fsr-3739	308	2	second	second	NOUN
fsr-3739	308	3	shows	show	VERB
fsr-3739	308	4	a	a	DET
fsr-3739	308	5	flat	flat	ADJ
fsr-3739	308	6	term	term	NOUN
fsr-3739	308	7	structure	structure	NOUN
fsr-3739	308	8	at	at	ADP
fsr-3739	308	9	5.56	5.56	NUM
fsr-3739	308	10	%	%	NOUN
fsr-3739	308	11	,	,	PUNCT
fsr-3739	308	12	which	which	PRON
fsr-3739	308	13	corresponds	correspond	VERB
fsr-3739	308	14	to	to	ADP
fsr-3739	308	15	the	the	DET
fsr-3739	308	16	before	before	ADP
fsr-3739	308	17	-	-	PUNCT
fsr-3739	308	18	tax	tax	NOUN
fsr-3739	308	19	equivalent	equivalent	ADJ
fsr-3739	308	20	yield	yield	NOUN
fsr-3739	308	21	of	of	ADP
fsr-3739	308	22	a	a	DET
fsr-3739	308	23	fully	fully	ADV
fsr-3739	308	24	tax	tax	NOUN
fsr-3739	308	25	-	-	PUNCT
fsr-3739	308	26	exempt	exempt	ADJ
fsr-3739	308	27	ee	ee	ADP
fsr-3739	308	28	bond	bond	NOUN
fsr-3739	308	29	[	[	X
fsr-3739	308	30	4%/	4%/	X
fsr-3739	308	31	(	(	PUNCT
fsr-3739	308	32	l	l	PROPN
fsr-3739	308	33	.-.28	.-.28	PROPN
fsr-3739	308	34	)	)	PUNCT
fsr-3739	308	35	]	]	PUNCT
fsr-3739	308	36	.	.	PUNCT
fsr-3739	309	1	since	since	SCONJ
fsr-3739	309	2	the	the	DET
fsr-3739	309	3	ee	ee	PROPN
fsr-3739	309	4	bonds	bond	NOUN
fsr-3739	309	5	have	have	VERB
fsr-3739	309	6	no	no	DET
fsr-3739	309	7	reinvestment	reinvestment	NOUN
fsr-3739	309	8	rate	rate	NOUN
fsr-3739	309	9	risk	risk	NOUN
fsr-3739	309	10	,	,	PUNCT
fsr-3739	309	11	we	we	PRON
fsr-3739	309	12	compare	compare	VERB
fsr-3739	309	13	their	their	PRON
fsr-3739	309	14	yield	yield	NOUN
fsr-3739	309	15	to	to	ADP
fsr-3739	309	16	treasury	treasury	PROPN
fsr-3739	309	17	strip	strip	NOUN
fsr-3739	309	18	yields	yield	NOUN
fsr-3739	309	19	.	.	PUNCT
fsr-3739	310	1	as	as	ADP
fsr-3739	310	2	of	of	ADP
fsr-3739	310	3	august	august	PROPN
fsr-3739	310	4	16	16	NUM
fsr-3739	310	5	,	,	PUNCT
fsr-3739	310	6	1993	1993	NUM
fsr-3739	310	7	,	,	PUNCT
fsr-3739	310	8	the	the	DET
fsr-3739	310	9	term	term	NOUN
fsr-3739	310	10	structures	structure	NOUN
fsr-3739	310	11	cross	cross	VERB
fsr-3739	310	12	at	at	ADP
fsr-3739	310	13	seven	seven	NUM
fsr-3739	310	14	years	year	NOUN
fsr-3739	310	15	.	.	PUNCT
fsr-3739	311	1	consider	consider	VERB
fsr-3739	311	2	a	a	DET
fsr-3739	311	3	middle	middle	NOUN
fsr-3739	311	4	-	-	PUNCT
fsr-3739	311	5	in	in	NOUN
fsr-3739	311	6	come	come	NOUN
fsr-3739	311	7	family	family	NOUN
fsr-3739	311	8	(	(	PUNCT
fsr-3739	311	9	i.e.	i.e.	X
fsr-3739	311	10	,	,	PUNCT
fsr-3739	311	11	who	who	PRON
fsr-3739	311	12	are	be	AUX
fsr-3739	311	13	in	in	ADP
fsr-3739	311	14	the	the	DET
fsr-3739	311	15	28	28	NUM
fsr-3739	311	16	%	%	NOUN
fsr-3739	311	17	federal	federal	ADJ
fsr-3739	311	18	tax	tax	NOUN
fsr-3739	311	19	bracket	bracket	NOUN
fsr-3739	311	20	and	and	CCONJ
fsr-3739	311	21	for	for	ADP
fsr-3739	311	22	whom	whom	PRON
fsr-3739	311	23	the	the	DET
fsr-3739	311	24	ee	ee	PROPN
fsr-3739	311	25	interest	interest	NOUN
fsr-3739	311	26	will	will	AUX
fsr-3739	311	27	be	be	AUX
fsr-3739	311	28	fully	fully	ADV
fsr-3739	311	29	exempt	exempt	ADJ
fsr-3739	311	30	)	)	PUNCT
fsr-3739	311	31	with	with	ADP
fsr-3739	311	32	a	a	DET
fsr-3739	311	33	child	child	NOUN
fsr-3739	311	34	entering	enter	VERB
fsr-3739	311	35	college	college	NOUN
fsr-3739	311	36	in	in	ADP
fsr-3739	311	37	five	five	NUM
fsr-3739	311	38	years	year	NOUN
fsr-3739	311	39	.	.	PUNCT
fsr-3739	312	1	the	the	DET
fsr-3739	312	2	figure	figure	NOUN
fsr-3739	312	3	implies	imply	VERB
fsr-3739	312	4	that	that	SCONJ
fsr-3739	312	5	this	this	DET
fsr-3739	312	6	family	family	NOUN
fsr-3739	312	7	should	should	AUX
fsr-3739	312	8	prefer	prefer	VERB
fsr-3739	312	9	ee	ee	ADP
fsr-3739	312	10	bonds	bond	NOUN
fsr-3739	312	11	yielding	yield	VERB
fsr-3739	312	12	4	4	NUM
fsr-3739	312	13	%	%	NOUN
fsr-3739	312	14	after	after	ADP
fsr-3739	312	15	taxes	taxis	NOUN
fsr-3739	312	16	to	to	ADP
fsr-3739	312	17	a	a	DET
fsr-3739	312	18	treasury	treasury	NOUN
fsr-3739	312	19	strip	strip	NOUN
fsr-3739	312	20	yielding	yield	VERB
fsr-3739	312	21	5.12	5.12	NUM
fsr-3739	312	22	%	%	NOUN
fsr-3739	312	23	before	before	ADP
fsr-3739	312	24	taxes	taxis	NOUN
fsr-3739	312	25	and	and	CCONJ
fsr-3739	312	26	3.69	3.69	NUM
fsr-3739	312	27	%	%	NOUN
fsr-3739	312	28	after	after	ADP
fsr-3739	312	29	taxes	taxis	NOUN
fsr-3739	312	30	[	[	X
fsr-3739	312	31	5.12%/(1-.28	5.12%/(1-.28	NUM
fsr-3739	312	32	)	)	PUNCT
fsr-3739	312	33	]	]	PUNCT
fsr-3739	312	34	.	.	PUNCT
fsr-3739	313	1	c.	c.	PROPN
fsr-3739	313	2	retirement	retirement	PROPN
fsr-3739	313	3	planning	planning	NOUN
fsr-3739	313	4	investments	investment	NOUN
fsr-3739	313	5	in	in	ADP
fsr-3739	313	6	ee	ee	PROPN
fsr-3739	313	7	savings	saving	NOUN
fsr-3739	313	8	bonds	bond	NOUN
fsr-3739	313	9	can	can	AUX
fsr-3739	313	10	be	be	AUX
fsr-3739	313	11	used	use	VERB
fsr-3739	313	12	to	to	PART
fsr-3739	313	13	defer	defer	VERB
fsr-3739	313	14	interest	interest	NOUN
fsr-3739	313	15	income	income	NOUN
fsr-3739	313	16	until	until	ADP
fsr-3739	313	17	retirement	retirement	NOUN
fsr-3739	313	18	.	.	PUNCT
fsr-3739	314	1	an	an	DET
fsr-3739	314	2	individual	individual	NOUN
fsr-3739	314	3	could	could	AUX
fsr-3739	314	4	purchase	purchase	VERB
fsr-3739	314	5	ee	ee	ADP
fsr-3739	314	6	bonds	bond	NOUN
fsr-3739	314	7	during	during	ADP
fsr-3739	314	8	his	his	PRON
fsr-3739	314	9	or	or	CCONJ
fsr-3739	314	10	her	her	PRON
fsr-3739	314	11	working	work	VERB
fsr-3739	314	12	years	year	NOUN
fsr-3739	314	13	and	and	CCONJ
fsr-3739	314	14	defer	defer	VERB
fsr-3739	314	15	the	the	DET
fsr-3739	314	16	recognition	recognition	NOUN
fsr-3739	314	17	of	of	ADP
fsr-3739	314	18	the	the	DET
fsr-3739	314	19	interest	interest	NOUN
fsr-3739	314	20	until	until	ADP
fsr-3739	314	21	his	his	PRON
fsr-3739	314	22	/	/	SYM
fsr-3739	314	23	her	her	PRON
fsr-3739	314	24	retirement	retirement	NOUN
fsr-3739	314	25	years	year	NOUN
fsr-3739	314	26	.	.	PUNCT
fsr-3739	315	1	this	this	DET
fsr-3739	315	2	retirement	retirement	NOUN
fsr-3739	315	3	planning	planning	NOUN
fsr-3739	315	4	strategy	strategy	NOUN
fsr-3739	315	5	may	may	AUX
fsr-3739	315	6	prove	prove	VERB
fsr-3739	315	7	even	even	ADV
fsr-3739	315	8	more	more	ADV
fsr-3739	315	9	beneficial	beneficial	ADJ
fsr-3739	315	10	for	for	ADP
fsr-3739	315	11	an	an	DET
fsr-3739	315	12	individual	individual	NOUN
fsr-3739	315	13	who	who	PRON
fsr-3739	315	14	works	work	VERB
fsr-3739	315	15	in	in	ADP
fsr-3739	315	16	a	a	DET
fsr-3739	315	17	high	high	ADJ
fsr-3739	315	18	income	income	NOUN
fsr-3739	315	19	-	-	PUNCT
fsr-3739	315	20	tax	tax	NOUN
fsr-3739	315	21	state	state	NOUN
fsr-3739	315	22	and	and	CCONJ
fsr-3739	315	23	plans	plan	VERB
fsr-3739	315	24	to	to	PART
fsr-3739	315	25	retire	retire	VERB
fsr-3739	315	26	in	in	ADP
fsr-3739	315	27	a	a	DET
fsr-3739	315	28	low	low	ADJ
fsr-3739	315	29	income	income	NOUN
fsr-3739	315	30	-	-	PUNCT
fsr-3739	315	31	tax	tax	NOUN
fsr-3739	315	32	state	state	NOUN
fsr-3739	315	33	.	.	PUNCT
fsr-3739	316	1	as	as	ADP
fsr-3739	316	2	with	with	ADP
fsr-3739	316	3	other	other	ADJ
fsr-3739	316	4	tax	tax	NOUN
fsr-3739	316	5	-	-	PUNCT
fsr-3739	316	6	deferred	defer	VERB
fsr-3739	316	7	retirement	retirement	NOUN
fsr-3739	316	8	strategies	strategy	NOUN
fsr-3739	316	9	,	,	PUNCT
fsr-3739	316	10	major	major	ADJ
fsr-3739	316	11	advantages	advantage	NOUN
fsr-3739	316	12	include	include	VERB
fsr-3739	316	13	not	not	PART
fsr-3739	316	14	only	only	ADV
fsr-3739	316	15	the	the	DET
fsr-3739	316	16	possibility	possibility	NOUN
fsr-3739	316	17	of	of	ADP
fsr-3739	316	18	a	a	DET
fsr-3739	316	19	lower	low	ADJ
fsr-3739	316	20	tax	tax	NOUN
fsr-3739	316	21	bracket	bracket	NOUN
fsr-3739	316	22	after	after	ADP
fsr-3739	316	23	retirement	retirement	NOUN
fsr-3739	316	24	but	but	CCONJ
fsr-3739	316	25	also	also	ADV
fsr-3739	316	26	the	the	DET
fsr-3739	316	27	greater	great	ADJ
fsr-3739	316	28	accumulation	accumulation	NOUN
fsr-3739	316	29	of	of	ADP
fsr-3739	316	30	wealth	wealth	NOUN
fsr-3739	316	31	since	since	SCONJ
fsr-3739	316	32	there	there	PRON
fsr-3739	316	33	is	be	VERB
fsr-3739	316	34	no	no	DET
fsr-3739	316	35	loss	loss	NOUN
fsr-3739	316	36	of	of	ADP
fsr-3739	316	37	investment	investment	NOUN
fsr-3739	316	38	return	return	NOUN
fsr-3739	316	39	due	due	ADP
fsr-3739	316	40	to	to	ADP
fsr-3739	316	41	income	income	NOUN
fsr-3739	316	42	tax	tax	NOUN
fsr-3739	316	43	payments	payment	NOUN
fsr-3739	316	44	.	.	PUNCT
fsr-3739	317	1	54	54	NUM
fsr-3739	317	2	financial	financial	ADJ
fsr-3739	317	3	services	service	NOUN
fsr-3739	317	4	review	review	VERB
fsr-3739	317	5	4(l	4(l	NUM
fsr-3739	317	6	)	)	PUNCT
fsr-3739	317	7	1995	1995	NUM
fsr-3739	317	8	t	t	NOUN
fsr-3739	318	1	i	i	PRON
fsr-3739	318	2	31	31	NUM
fsr-3739	318	3	%	%	NOUN
fsr-3739	318	4	,	,	PUNCT
fsr-3739	318	5	z	z	NOUN
fsr-3739	318	6	,	,	PUNCT
fsr-3739	318	7	ll	ll	PROPN
fsr-3739	318	8	11	11	NUM
fsr-3739	318	9	=	=	SYM
fsr-3739	318	10	/	/	SYM
fsr-3739	318	11	5‘91	5‘91	PROPN
fsr-3739	318	12	91	91	NUM
fsr-3739	319	1	s‘s1	s‘s1	NOUN
fsr-3739	319	2	sl	sl	VERB
fsr-3739	319	3	8’91	8’91	NUM
fsr-3739	319	4	pi	pi	NOUN
fsr-3739	319	5	s’ec	s’ec	PROPN
fsr-3739	319	6	el	el	PROPN
fsr-3739	320	1	s’zl	s’zl	PROPN
fsr-3739	320	2	zl	zl	PROPN
fsr-3739	320	3	-2‘11	-2‘11	SYM
fsr-3739	320	4	11	11	NUM
fsr-3739	320	5	s’ol	s’ol	NOUN
fsr-3739	320	6	01	01	NUM
fsr-3739	320	7	s’6	s’6	NOUN
fsr-3739	320	8	r	r	NOUN
fsr-3739	320	9	6	6	NUM
fsr-3739	320	10	p	p	NOUN
fsr-3739	320	11	‘	'	PUNCT
fsr-3739	320	12	2’8	2’8	NUM
fsr-3739	320	13	8	8	NUM
fsr-3739	320	14	s‘l	s‘l	PROPN
fsr-3739	320	15	l	l	NOUN
fsr-3739	320	16	s‘9	s‘9	NOUN
fsr-3739	320	17	9	9	NUM
fsr-3739	320	18	s	s	NOUN
fsr-3739	320	19	’s	’s	NOUN
fsr-3739	320	20	s	s	PART
fsr-3739	320	21	s’t	s’t	PROPN
fsr-3739	320	22	t	t	PROPN
fsr-3739	320	23	s’e	s’e	PROPN
fsr-3739	320	24	e	e	NOUN
fsr-3739	320	25	s’z	s’z	NOUN
fsr-3739	320	26	1	1	NUM
fsr-3739	320	27	2	2	NUM
fsr-3739	320	28	s’l	s’l	NOUN
fsr-3739	320	29	[	[	PUNCT
fsr-3739	320	30	1	1	NUM
fsr-3739	320	31	-i	-i	NOUN
fsr-3739	320	32	i	i	PRON
fsr-3739	320	33	s’o	s’o	VERB
fsr-3739	320	34	analysis	analysis	NOUN
fsr-3739	320	35	of	of	ADP
fsr-3739	320	36	u.s	u.s	PROPN
fsr-3739	320	37	.	.	PROPN
fsr-3739	320	38	savings	saving	NOUN
fsr-3739	320	39	bonds	bond	NOUN
fsr-3739	320	40	55	55	NUM
fsr-3739	320	41	during	during	ADP
fsr-3739	320	42	retirement	retirement	NOUN
fsr-3739	320	43	,	,	PUNCT
fsr-3739	320	44	the	the	DET
fsr-3739	320	45	investor	investor	NOUN
fsr-3739	320	46	can	can	AUX
fsr-3739	320	47	choose	choose	VERB
fsr-3739	320	48	either	either	CCONJ
fsr-3739	320	49	to	to	PART
fsr-3739	320	50	keep	keep	VERB
fsr-3739	320	51	the	the	DET
fsr-3739	320	52	ee	ee	PROPN
fsr-3739	320	53	savings	saving	NOUN
fsr-3739	320	54	bond	bond	NOUN
fsr-3739	320	55	and	and	CCONJ
fsr-3739	320	56	allow	allow	VERB
fsr-3739	320	57	the	the	DET
fsr-3739	320	58	interest	interest	NOUN
fsr-3739	320	59	to	to	PART
fsr-3739	320	60	accumulate	accumulate	VERB
fsr-3739	320	61	or	or	CCONJ
fsr-3739	320	62	to	to	PART
fsr-3739	320	63	exchange	exchange	VERB
fsr-3739	320	64	ee	ee	ADP
fsr-3739	320	65	bonds	bond	NOUN
fsr-3739	320	66	for	for	ADP
fsr-3739	320	67	interest	interest	NOUN
fsr-3739	320	68	-	-	PUNCT
fsr-3739	320	69	paying	pay	VERB
fsr-3739	320	70	hh	hh	ADJ
fsr-3739	320	71	bonds	bond	NOUN
fsr-3739	320	72	.	.	PUNCT
fsr-3739	321	1	the	the	DET
fsr-3739	321	2	latter	latter	ADJ
fsr-3739	321	3	strategy	strategy	NOUN
fsr-3739	321	4	will	will	AUX
fsr-3739	321	5	probably	probably	ADV
fsr-3739	321	6	be	be	AUX
fsr-3739	321	7	preferred	prefer	VERB
fsr-3739	321	8	if	if	SCONJ
fsr-3739	321	9	the	the	DET
fsr-3739	321	10	individual	individual	NOUN
fsr-3739	321	11	depends	depend	VERB
fsr-3739	321	12	on	on	ADP
fsr-3739	321	13	the	the	DET
fsr-3739	321	14	interest	interest	NOUN
fsr-3739	321	15	payments	payment	NOUN
fsr-3739	321	16	to	to	PART
fsr-3739	321	17	meet	meet	VERB
fsr-3739	321	18	his	his	PRON
fsr-3739	321	19	/	/	SYM
fsr-3739	321	20	her	her	PRON
fsr-3739	321	21	income	income	NOUN
fsr-3739	321	22	needs	need	NOUN
fsr-3739	321	23	.	.	PUNCT
fsr-3739	322	1	as	as	SCONJ
fsr-3739	322	2	mentioned	mention	VERB
fsr-3739	322	3	before	before	ADV
fsr-3739	322	4	,	,	PUNCT
fsr-3739	322	5	the	the	DET
fsr-3739	322	6	tax	tax	NOUN
fsr-3739	322	7	-	-	PUNCT
fsr-3739	322	8	deferred	defer	VERB
fsr-3739	322	9	interest	interest	NOUN
fsr-3739	322	10	on	on	ADP
fsr-3739	322	11	ee	ee	ADP
fsr-3739	322	12	bonds	bond	NOUN
fsr-3739	322	13	that	that	PRON
fsr-3739	322	14	is	be	AUX
fsr-3739	322	15	rolled	roll	VERB
fsr-3739	322	16	into	into	ADP
fsr-3739	322	17	hh	hh	ADJ
fsr-3739	322	18	bonds	bond	NOUN
fsr-3739	322	19	is	be	AUX
fsr-3739	322	20	not	not	PART
fsr-3739	322	21	taxable	taxable	ADJ
fsr-3739	322	22	until	until	SCONJ
fsr-3739	322	23	the	the	DET
fsr-3739	322	24	hh	hh	PROPN
fsr-3739	322	25	bond	bond	NOUN
fsr-3739	322	26	is	be	AUX
fsr-3739	322	27	redeemed	redeem	VERB
fsr-3739	322	28	or	or	CCONJ
fsr-3739	322	29	matures	mature	NOUN
fsr-3739	322	30	.	.	PUNCT
fsr-3739	323	1	vi	vi	X
fsr-3739	323	2	.	.	PROPN
fsr-3739	323	3	summary	summary	VERB
fsr-3739	323	4	us	we	PRON
fsr-3739	323	5	.	.	PUNCT
fsr-3739	324	1	savings	saving	NOUN
fsr-3739	324	2	bonds	bond	NOUN
fsr-3739	324	3	are	be	AUX
fsr-3739	324	4	complex	complex	ADJ
fsr-3739	324	5	contracts	contract	NOUN
fsr-3739	324	6	.	.	PUNCT
fsr-3739	325	1	financial	financial	ADJ
fsr-3739	325	2	planners	planner	NOUN
fsr-3739	325	3	have	have	AUX
fsr-3739	325	4	traditionally	traditionally	ADV
fsr-3739	325	5	paid	pay	VERB
fsr-3739	325	6	little	little	ADJ
fsr-3739	325	7	attention	attention	NOUN
fsr-3739	325	8	to	to	ADP
fsr-3739	325	9	savings	saving	NOUN
fsr-3739	325	10	bonds	bond	NOUN
fsr-3739	325	11	,	,	PUNCT
fsr-3739	325	12	in	in	ADP
fsr-3739	325	13	part	part	NOUN
fsr-3739	325	14	because	because	SCONJ
fsr-3739	325	15	they	they	PRON
fsr-3739	325	16	often	often	ADV
fsr-3739	325	17	offer	offer	VERB
fsr-3739	325	18	below	below	ADP
fsr-3739	325	19	-	-	PUNCT
fsr-3739	325	20	market	market	NOUN
fsr-3739	325	21	interest	interest	NOUN
fsr-3739	325	22	rates	rate	NOUN
fsr-3739	325	23	.	.	PUNCT
fsr-3739	326	1	however	however	ADV
fsr-3739	326	2	,	,	PUNCT
fsr-3739	326	3	savings	saving	NOUN
fsr-3739	326	4	bonds	bond	NOUN
fsr-3739	326	5	sometimes	sometimes	ADV
fsr-3739	326	6	offer	offer	VERB
fsr-3739	326	7	above	above	ADP
fsr-3739	326	8	-	-	PUNCT
fsr-3739	326	9	market	market	NOUN
fsr-3739	326	10	interest	interest	NOUN
fsr-3739	326	11	rates	rate	NOUN
fsr-3739	326	12	.	.	PUNCT
fsr-3739	327	1	by	by	ADP
fsr-3739	327	2	early	early	ADJ
fsr-3739	327	3	1993	1993	NUM
fsr-3739	327	4	,	,	PUNCT
fsr-3739	327	5	many	many	ADJ
fsr-3739	327	6	financial	financial	ADJ
fsr-3739	327	7	planners	planner	NOUN
fsr-3739	327	8	recognized	recognize	VERB
fsr-3739	327	9	the	the	DET
fsr-3739	327	10	above	above	ADJ
fsr-3739	327	11	-	-	PUNCT
fsr-3739	327	12	market	market	NOUN
fsr-3739	327	13	yields	yield	NOUN
fsr-3739	327	14	offered	offer	VERB
fsr-3739	327	15	on	on	ADP
fsr-3739	327	16	6	6	NUM
fsr-3739	327	17	%	%	NOUN
fsr-3739	327	18	ee	ee	ADP
fsr-3739	327	19	savings	saving	NOUN
fsr-3739	327	20	bonds	bond	NOUN
fsr-3739	327	21	.	.	PUNCT
fsr-3739	328	1	the	the	DET
fsr-3739	328	2	rush	rush	NOUN
fsr-3739	328	3	to	to	PART
fsr-3739	328	4	capture	capture	VERB
fsr-3739	328	5	these	these	DET
fsr-3739	328	6	attractive	attractive	ADJ
fsr-3739	328	7	yields	yield	NOUN
fsr-3739	328	8	forced	force	VERB
fsr-3739	328	9	the	the	DET
fsr-3739	328	10	treasury	treasury	NOUN
fsr-3739	328	11	to	to	PART
fsr-3739	328	12	lower	lower	VERB
fsr-3739	328	13	the	the	DET
fsr-3739	328	14	promised	promise	VERB
fsr-3739	328	15	interest	interest	NOUN
fsr-3739	328	16	rate	rate	NOUN
fsr-3739	328	17	on	on	ADP
fsr-3739	328	18	new	new	ADJ
fsr-3739	328	19	funds	fund	NOUN
fsr-3739	328	20	invested	invest	VERB
fsr-3739	328	21	in	in	ADP
fsr-3739	328	22	ee	ee	PROPN
fsr-3739	328	23	bonds	bond	NOUN
fsr-3739	328	24	to	to	ADP
fsr-3739	328	25	4	4	NUM
fsr-3739	328	26	%	%	NOUN
fsr-3739	328	27	.	.	PUNCT
fsr-3739	329	1	we	we	PRON
fsr-3739	329	2	suspect	suspect	VERB
fsr-3739	329	3	that	that	SCONJ
fsr-3739	329	4	few	few	ADJ
fsr-3739	329	5	planners	planner	NOUN
fsr-3739	329	6	recognized	recognize	VERB
fsr-3739	329	7	that	that	SCONJ
fsr-3739	329	8	the	the	DET
fsr-3739	329	9	4	4	NUM
fsr-3739	329	10	%	%	NOUN
fsr-3739	329	11	ee	ee	NOUN
fsr-3739	329	12	savings	saving	NOUN
fsr-3739	329	13	bonds	bond	NOUN
fsr-3739	329	14	offered	offer	VERB
fsr-3739	329	15	above	above	ADP
fsr-3739	329	16	-	-	PUNCT
fsr-3739	329	17	market	market	NOUN
fsr-3739	329	18	yields	yield	NOUN
fsr-3739	329	19	through	through	ADP
fsr-3739	329	20	march	march	PROPN
fsr-3739	329	21	1994	1994	NUM
fsr-3739	329	22	when	when	SCONJ
fsr-3739	329	23	viewed	view	VERB
fsr-3739	329	24	as	as	ADP
fsr-3739	329	25	a	a	DET
fsr-3739	329	26	substitute	substitute	NOUN
fsr-3739	329	27	for	for	ADP
fsr-3739	329	28	money	money	NOUN
fsr-3739	329	29	market	market	NOUN
fsr-3739	329	30	investments	investment	NOUN
fsr-3739	329	31	.	.	PUNCT
fsr-3739	330	1	in	in	ADP
fsr-3739	330	2	this	this	DET
fsr-3739	330	3	article	article	NOUN
fsr-3739	330	4	,	,	PUNCT
fsr-3739	330	5	we	we	PRON
fsr-3739	330	6	have	have	AUX
fsr-3739	330	7	tried	try	VERB
fsr-3739	330	8	to	to	PART
fsr-3739	330	9	demonstrate	demonstrate	VERB
fsr-3739	330	10	how	how	SCONJ
fsr-3739	330	11	savings	saving	NOUN
fsr-3739	330	12	bonds	bond	NOUN
fsr-3739	330	13	can	can	AUX
fsr-3739	330	14	be	be	AUX
fsr-3739	330	15	analyzed	analyze	VERB
fsr-3739	330	16	for	for	ADP
fsr-3739	330	17	investors	investor	NOUN
fsr-3739	330	18	with	with	ADP
fsr-3739	330	19	short	short	ADJ
fsr-3739	330	20	-	-	PUNCT
fsr-3739	330	21	term	term	NOUN
fsr-3739	330	22	to	to	ADP
fsr-3739	330	23	long	long	ADJ
fsr-3739	330	24	-	-	PUNCT
fsr-3739	330	25	term	term	NOUN
fsr-3739	330	26	investment	investment	NOUN
fsr-3739	330	27	horizons	horizon	NOUN
fsr-3739	330	28	.	.	PUNCT
fsr-3739	331	1	our	our	PRON
fsr-3739	331	2	approach	approach	NOUN
fsr-3739	331	3	should	should	AUX
fsr-3739	331	4	help	help	VERB
fsr-3739	331	5	planners	planner	NOUN
fsr-3739	331	6	identify	identify	VERB
fsr-3739	331	7	unique	unique	ADJ
fsr-3739	331	8	investment	investment	NOUN
fsr-3739	331	9	opportunities	opportunity	NOUN
fsr-3739	331	10	.	.	PUNCT
fsr-3739	332	1	hh	hh	PROPN
fsr-3739	332	2	-	-	PUNCT
fsr-3739	332	3	series	series	PROPN
fsr-3739	332	4	and	and	CCONJ
fsr-3739	332	5	ee	ee	PROPN
fsr-3739	332	6	-	-	PUNCT
fsr-3739	332	7	series	series	NOUN
fsr-3739	332	8	savings	saving	NOUN
fsr-3739	332	9	bonds	bond	NOUN
fsr-3739	332	10	contain	contain	VERB
fsr-3739	332	11	put	put	ADJ
fsr-3739	332	12	options	option	NOUN
fsr-3739	332	13	that	that	PRON
fsr-3739	332	14	protect	protect	VERB
fsr-3739	332	15	the	the	DET
fsr-3739	332	16	investor	investor	NOUN
fsr-3739	332	17	against	against	ADP
fsr-3739	332	18	a	a	DET
fsr-3739	332	19	rise	rise	NOUN
fsr-3739	332	20	in	in	ADP
fsr-3739	332	21	interest	interest	NOUN
fsr-3739	332	22	rates	rate	NOUN
fsr-3739	332	23	.	.	PUNCT
fsr-3739	333	1	the	the	DET
fsr-3739	333	2	ee	ee	PROPN
fsr-3739	333	3	bonds	bond	NOUN
fsr-3739	333	4	also	also	ADV
fsr-3739	333	5	offer	offer	VERB
fsr-3739	333	6	several	several	ADJ
fsr-3739	333	7	tax	tax	NOUN
fsr-3739	333	8	options	option	NOUN
fsr-3739	333	9	.	.	PUNCT
fsr-3739	334	1	we	we	PRON
fsr-3739	334	2	have	have	AUX
fsr-3739	334	3	shown	show	VERB
fsr-3739	334	4	how	how	SCONJ
fsr-3739	334	5	savings	saving	NOUN
fsr-3739	334	6	bonds	bond	NOUN
fsr-3739	334	7	can	can	AUX
fsr-3739	334	8	be	be	AUX
fsr-3739	334	9	used	use	VERB
fsr-3739	334	10	to	to	PART
fsr-3739	334	11	beat	beat	VERB
fsr-3739	334	12	the	the	DET
fsr-3739	334	13	kiddie	kiddie	ADJ
fsr-3739	334	14	tax	tax	NOUN
fsr-3739	334	15	,	,	PUNCT
fsr-3739	334	16	to	to	PART
fsr-3739	334	17	finance	finance	VERB
fsr-3739	334	18	postsecondary	postsecondary	ADJ
fsr-3739	334	19	education	education	NOUN
fsr-3739	334	20	,	,	PUNCT
fsr-3739	334	21	and	and	CCONJ
fsr-3739	334	22	in	in	ADP
fsr-3739	334	23	retirement	retirement	NOUN
fsr-3739	334	24	planning	planning	NOUN
fsr-3739	334	25	.	.	PUNCT
fsr-3739	335	1	with	with	ADP
fsr-3739	335	2	a	a	DET
fsr-3739	335	3	little	little	ADJ
fsr-3739	335	4	imagination	imagination	NOUN
fsr-3739	335	5	,	,	PUNCT
fsr-3739	335	6	an	an	DET
fsr-3739	335	7	astute	astute	ADJ
fsr-3739	335	8	planner	planner	NOUN
fsr-3739	335	9	could	could	AUX
fsr-3739	335	10	think	think	VERB
fsr-3739	335	11	of	of	ADP
fsr-3739	335	12	other	other	ADJ
fsr-3739	335	13	uses	use	NOUN
fsr-3739	335	14	.	.	PUNCT
fsr-3739	336	1	acknowledgments	acknowledgment	NOUN
fsr-3739	336	2	:	:	PUNCT
fsr-3739	336	3	the	the	DET
fsr-3739	336	4	authors	author	NOUN
fsr-3739	336	5	thank	thank	VERB
fsr-3739	336	6	a.j	a.j	PROPN
fsr-3739	336	7	.	.	PROPN
fsr-3739	336	8	senchack	senchack	PROPN
fsr-3739	336	9	and	and	CCONJ
fsr-3739	336	10	an	an	DET
fsr-3739	336	11	anonymous	anonymous	ADJ
fsr-3739	336	12	referee	referee	NOUN
fsr-3739	336	13	for	for	ADP
fsr-3739	336	14	helpful	helpful	ADJ
fsr-3739	336	15	comments	comment	NOUN
fsr-3739	336	16	on	on	ADP
fsr-3739	336	17	an	an	DET
fsr-3739	336	18	earlier	early	ADJ
fsr-3739	336	19	draft	draft	NOUN
fsr-3739	336	20	.	.	PUNCT
fsr-3739	337	1	notes	note	VERB
fsr-3739	337	2	1	1	NUM
fsr-3739	337	3	.	.	PUNCT
fsr-3739	338	1	interest	interest	NOUN
fsr-3739	338	2	on	on	ADP
fsr-3739	338	3	marketable	marketable	ADJ
fsr-3739	338	4	treasury	treasury	NOUN
fsr-3739	338	5	securities	security	NOUN
fsr-3739	338	6	accrues	accrue	VERB
fsr-3739	338	7	daily	daily	ADV
fsr-3739	338	8	.	.	PUNCT
fsr-3739	339	1	on	on	ADP
fsr-3739	339	2	a	a	DET
fsr-3739	339	3	4	4	NUM
fsr-3739	339	4	%	%	NOUN
fsr-3739	339	5	coupon	coupon	NOUN
fsr-3739	339	6	bond	bond	NOUN
fsr-3739	339	7	,	,	PUNCT
fsr-3739	339	8	interest	interest	NOUN
fsr-3739	339	9	accrues	accrue	VERB
fsr-3739	339	10	at	at	ADP
fsr-3739	339	11	$	$	SYM
fsr-3739	339	12	0.1096	0.1096	NUM
fsr-3739	339	13	per	per	ADP
fsr-3739	339	14	day	day	NOUN
fsr-3739	339	15	(	(	PUNCT
fsr-3739	339	16	$	$	SYM
fsr-3739	339	17	40/365	40/365	NUM
fsr-3739	339	18	)	)	PUNCT
fsr-3739	339	19	.	.	PUNCT
fsr-3739	340	1	an	an	DET
fsr-3739	340	2	investor	investor	NOUN
fsr-3739	340	3	who	who	PRON
fsr-3739	340	4	sells	sell	VERB
fsr-3739	340	5	a	a	DET
fsr-3739	340	6	marketable	marketable	ADJ
fsr-3739	340	7	bond	bond	NOUN
fsr-3739	340	8	10	10	NUM
fsr-3739	340	9	days	day	NOUN
fsr-3739	340	10	after	after	SCONJ
fsr-3739	340	11	the	the	DET
fsr-3739	340	12	last	last	ADJ
fsr-3739	340	13	coupon	coupon	NOUN
fsr-3739	340	14	payment	payment	NOUN
fsr-3739	340	15	date	date	NOUN
fsr-3739	340	16	would	would	AUX
fsr-3739	340	17	receive	receive	VERB
fsr-3739	340	18	$	$	SYM
fsr-3739	340	19	1	1	NUM
fsr-3739	340	20	.lo	.lo	ADP
fsr-3739	340	21	accrued	accrue	VERB
fsr-3739	340	22	interest	interest	NOUN
fsr-3739	340	23	.	.	PUNCT
fsr-3739	341	1	in	in	ADP
fsr-3739	341	2	contrast	contrast	NOUN
fsr-3739	341	3	,	,	PUNCT
fsr-3739	341	4	the	the	DET
fsr-3739	341	5	investor	investor	NOUN
fsr-3739	341	6	in	in	ADP
fsr-3739	341	7	an	an	DET
fsr-3739	341	8	hh	hh	PROPN
fsr-3739	341	9	savings	savings	NOUN
fsr-3739	341	10	bond	bond	NOUN
fsr-3739	341	11	gets	get	VERB
fsr-3739	341	12	no	no	DET
fsr-3739	341	13	interest	interest	NOUN
fsr-3739	341	14	unless	unless	SCONJ
fsr-3739	341	15	it	it	PRON
fsr-3739	341	16	is	be	AUX
fsr-3739	341	17	held	hold	VERB
fsr-3739	341	18	for	for	ADP
fsr-3739	341	19	the	the	DET
fsr-3739	341	20	full	full	ADJ
fsr-3739	341	21	six	six	NUM
fsr-3739	341	22	months	month	NOUN
fsr-3739	341	23	.	.	PUNCT
fsr-3739	342	1	on	on	ADP
fsr-3739	342	2	ee	ee	PROPN
fsr-3739	342	3	bonds	bond	NOUN
fsr-3739	342	4	,	,	PUNCT
fsr-3739	342	5	interest	interest	NOUN
fsr-3739	342	6	accrues	accrue	VERB
fsr-3739	342	7	(	(	PUNCT
fsr-3739	342	8	i.e.	i.e.	X
fsr-3739	342	9	,	,	PUNCT
fsr-3739	342	10	redemption	redemption	NOUN
fsr-3739	342	11	value	value	NOUN
fsr-3739	342	12	rises	rise	VERB
fsr-3739	342	13	)	)	PUNCT
fsr-3739	342	14	monthly	monthly	ADV
fsr-3739	342	15	after	after	ADP
fsr-3739	342	16	six	six	NUM
fsr-3739	342	17	months	month	NOUN
fsr-3739	342	18	.	.	PUNCT
fsr-3739	343	1	2	2	X
fsr-3739	343	2	.	.	X
fsr-3739	343	3	in	in	ADP
fsr-3739	343	4	a	a	DET
fsr-3739	343	5	financial	financial	ADJ
fsr-3739	343	6	calculator	calculator	NOUN
fsr-3739	343	7	,	,	PUNCT
fsr-3739	343	8	insert	insert	VERB
fsr-3739	343	9	fv=	fv=	PROPN
fsr-3739	343	10	$	$	SYM
fsr-3739	343	11	1	1	NUM
fsr-3739	343	12	par	par	NOUN
fsr-3739	343	13	value	value	NOUN
fsr-3739	343	14	,	,	PUNCT
fsr-3739	343	15	pmt	pmt	PROPN
fsr-3739	343	16	=	=	PUNCT
fsr-3739	343	17	$	$	SYM
fsr-3739	343	18	.03	.03	NUM
fsr-3739	343	19	per	per	ADP
fsr-3739	343	20	six	six	NUM
fsr-3739	343	21	-	-	PUNCT
fsr-3739	343	22	month	month	NOUN
fsr-3739	343	23	period	period	NOUN
fsr-3739	343	24	,	,	PUNCT
fsr-3739	343	25	n	n	NOUN
fsr-3739	343	26	=	=	SYM
fsr-3739	343	27	8	8	NUM
fsr-3739	343	28	six	six	NUM
fsr-3739	343	29	-	-	PUNCT
fsr-3739	343	30	month	month	NOUN
fsr-3739	343	31	periods	period	NOUN
fsr-3739	343	32	,	,	PUNCT
fsr-3739	343	33	and	and	CCONJ
fsr-3739	343	34	i	i	PRON
fsr-3739	343	35	=	=	SYM
fsr-3739	343	36	5.31%/2	5.31%/2	NUM
fsr-3739	343	37	=	=	SYM
fsr-3739	343	38	2.655	2.655	NUM
fsr-3739	343	39	%	%	NOUN
fsr-3739	343	40	.	.	PUNCT
fsr-3739	344	1	3	3	X
fsr-3739	344	2	.	.	X
fsr-3739	344	3	brennan	brennan	PROPN
fsr-3739	344	4	and	and	CCONJ
fsr-3739	344	5	schwartz	schwartz	PROPN
fsr-3739	344	6	(	(	PUNCT
fsr-3739	344	7	1977	1977	NUM
fsr-3739	344	8	)	)	PUNCT
fsr-3739	344	9	make	make	VERB
fsr-3739	344	10	the	the	DET
fsr-3739	344	11	same	same	ADJ
fsr-3739	344	12	point	point	NOUN
fsr-3739	344	13	.	.	PUNCT
fsr-3739	345	1	“	"	PUNCT
fsr-3739	345	2	[	[	X
fsr-3739	345	3	the	the	DET
fsr-3739	345	4	lack	lack	NOUN
fsr-3739	345	5	of	of	ADP
fsr-3739	345	6	marketability	marketability	NOUN
fsr-3739	345	7	]	]	PUNCT
fsr-3739	345	8	presents	present	VERB
fsr-3739	345	9	no	no	DET
fsr-3739	345	10	obstacle	obstacle	NOUN
fsr-3739	345	11	to	to	ADP
fsr-3739	345	12	the	the	DET
fsr-3739	345	13	investor	investor	NOUN
fsr-3739	345	14	in	in	ADP
fsr-3739	345	15	an	an	DET
fsr-3739	345	16	efficient	efficient	ADJ
fsr-3739	345	17	capital	capital	NOUN
fsr-3739	345	18	market	market	NOUN
fsr-3739	345	19	since	since	SCONJ
fsr-3739	345	20	the	the	DET
fsr-3739	345	21	bond	bond	NOUN
fsr-3739	345	22	can	can	AUX
fsr-3739	345	23	be	be	AUX
fsr-3739	345	24	priced	price	VERB
fsr-3739	345	25	and	and	CCONJ
fsr-3739	345	26	the	the	DET
fsr-3739	345	27	optimal	optimal	ADJ
fsr-3739	345	28	exercise	exercise	NOUN
fsr-3739	345	29	strategy	strategy	NOUN
fsr-3739	345	30	determined	determine	VERB
fsr-3739	345	31	even	even	ADV
fsr-3739	345	32	if	if	SCONJ
fsr-3739	345	33	trading	trading	NOUN
fsr-3739	345	34	of	of	ADP
fsr-3739	345	35	the	the	DET
fsr-3739	345	36	bond	bond	NOUN
fsr-3739	345	37	is	be	AUX
fsr-3739	345	38	not	not	PART
fsr-3739	345	39	allowed	allow	VERB
fsr-3739	345	40	”	"	PUNCT
fsr-3739	345	41	(	(	PUNCT
fsr-3739	345	42	p.	p.	NOUN
fsr-3739	345	43	68	68	NUM
fsr-3739	345	44	)	)	PUNCT
fsr-3739	345	45	.	.	PUNCT
fsr-3739	346	1	even	even	ADV
fsr-3739	346	2	though	though	SCONJ
fsr-3739	346	3	the	the	DET
fsr-3739	346	4	hh	hh	PROPN
fsr-3739	346	5	bond	bond	NOUN
fsr-3739	346	6	can	can	AUX
fsr-3739	346	7	not	not	PART
fsr-3739	346	8	be	be	AUX
fsr-3739	346	9	sold	sell	VERB
fsr-3739	346	10	at	at	ADP
fsr-3739	346	11	a	a	DET
fsr-3739	346	12	premium	premium	NOUN
fsr-3739	346	13	above	above	ADP
fsr-3739	346	14	par	par	NOUN
fsr-3739	346	15	,	,	PUNCT
fsr-3739	346	16	the	the	DET
fsr-3739	346	17	present	present	ADJ
fsr-3739	346	18	value	value	NOUN
fsr-3739	346	19	of	of	ADP
fsr-3739	346	20	its	its	PRON
fsr-3739	346	21	cash	cash	NOUN
fsr-3739	346	22	flows	flow	NOUN
fsr-3739	346	23	exceeds	exceed	VERB
fsr-3739	346	24	par	par	NOUN
fsr-3739	346	25	.	.	PUNCT
fsr-3739	347	1	its	its	PRON
fsr-3739	347	2	value	value	NOUN
fsr-3739	347	3	when	when	SCONJ
fsr-3739	347	4	held	hold	VERB
fsr-3739	347	5	as	as	ADP
fsr-3739	347	6	an	an	DET
fsr-3739	347	7	investment	investment	NOUN
fsr-3739	347	8	exceeds	exceed	VERB
fsr-3739	347	9	par	par	NOUN
fsr-3739	347	10	.	.	PUNCT
fsr-3739	348	1	instead	instead	ADV
fsr-3739	348	2	of	of	ADP
fsr-3739	348	3	holding	hold	VERB
fsr-3739	348	4	the	the	DET
fsr-3739	348	5	bond	bond	NOUN
fsr-3739	348	6	,	,	PUNCT
fsr-3739	348	7	suppose	suppose	VERB
fsr-3739	348	8	the	the	DET
fsr-3739	348	9	individual	individual	NOUN
fsr-3739	348	10	wants	want	VERB
fsr-3739	348	11	to	to	PART
fsr-3739	348	12	reduce	reduce	VERB
fsr-3739	348	13	his	his	PRON
fsr-3739	348	14	/	/	SYM
fsr-3739	348	15	her	her	PRON
fsr-3739	348	16	portfolio	portfolio	NOUN
fsr-3739	348	17	’s	’s	PART
fsr-3739	348	18	exposure	exposure	NOUN
fsr-3739	348	19	to	to	ADP
fsr-3739	348	20	government	government	NOUN
fsr-3739	348	21	securities	security	NOUN
fsr-3739	348	22	and	and	CCONJ
fsr-3739	348	23	invest	invest	VERB
fsr-3739	348	24	in	in	ADP
fsr-3739	348	25	common	common	ADJ
fsr-3739	348	26	stocks	stock	NOUN
fsr-3739	348	27	.	.	PUNCT
fsr-3739	349	1	in	in	ADP
fsr-3739	349	2	this	this	DET
fsr-3739	349	3	case	case	NOUN
fsr-3739	349	4	,	,	PUNCT
fsr-3739	349	5	the	the	DET
fsr-3739	349	6	hh	hh	PROPN
fsr-3739	349	7	bonds	bond	NOUN
fsr-3739	349	8	could	could	AUX
fsr-3739	349	9	be	be	AUX
fsr-3739	349	10	held	hold	VERB
fsr-3739	349	11	(	(	PUNCT
fsr-3739	349	12	you	you	PRON
fsr-3739	349	13	do	do	AUX
fsr-3739	349	14	not	not	PART
fsr-3739	349	15	liquidate	liquidate	VERB
fsr-3739	349	16	an	an	DET
fsr-3739	349	17	asset	asset	NOUN
fsr-3739	349	18	worth	worth	ADJ
fsr-3739	349	19	102.46	102.46	NUM
fsr-3739	349	20	for	for	ADP
fsr-3739	349	21	100	100	NUM
fsr-3739	349	22	)	)	PUNCT
fsr-3739	349	23	and	and	CCONJ
fsr-3739	349	24	some	some	DET
fsr-3739	349	25	other	other	ADJ
fsr-3739	349	26	similar	similar	ADJ
fsr-3739	349	27	-	-	PUNCT
fsr-3739	349	28	risk	risk	NOUN
fsr-3739	349	29	asset	asset	NOUN
fsr-3739	349	30	liquidated	liquidate	VERB
fsr-3739	349	31	to	to	PART
fsr-3739	349	32	finance	finance	VERB
fsr-3739	349	33	the	the	DET
fsr-3739	349	34	increase	increase	NOUN
fsr-3739	349	35	in	in	ADP
fsr-3739	349	36	common	common	ADJ
fsr-3739	349	37	stock	stock	NOUN
fsr-3739	349	38	.	.	PUNCT
fsr-3739	350	1	the	the	DET
fsr-3739	350	2	lack	lack	NOUN
fsr-3739	350	3	of	of	ADP
fsr-3739	350	4	a	a	DET
fsr-3739	350	5	secondary	secondary	ADJ
fsr-3739	350	6	market	market	NOUN
fsr-3739	350	7	would	would	AUX
fsr-3739	350	8	impact	impact	VERB
fsr-3739	350	9	the	the	DET
fsr-3739	350	10	utility	utility	NOUN
fsr-3739	350	11	of	of	ADP
fsr-3739	350	12	a	a	DET
fsr-3739	350	13	savings	savings	NOUN
fsr-3739	350	14	bond	bond	NOUN
fsr-3739	350	15	only	only	ADV
fsr-3739	350	16	when	when	SCONJ
fsr-3739	350	17	(	(	PUNCT
fsr-3739	350	18	1	1	X
fsr-3739	350	19	)	)	PUNCT
fsr-3739	350	20	the	the	DET
fsr-3739	350	21	individual	individual	NOUN
fsr-3739	350	22	wanted	want	VERB
fsr-3739	350	23	to	to	PART
fsr-3739	350	24	change	change	VERB
fsr-3739	350	25	the	the	DET
fsr-3739	350	26	composition	composition	NOUN
fsr-3739	350	27	of	of	ADP
fsr-3739	350	28	the	the	DET
fsr-3739	350	29	portfolio	portfolio	NOUN
fsr-3739	350	30	and	and	CCONJ
fsr-3739	350	31	(	(	PUNCT
fsr-3739	350	32	2	2	X
fsr-3739	350	33	)	)	PUNCT
fsr-3739	350	34	there	there	PRON
fsr-3739	350	35	were	be	VERB
fsr-3739	350	36	no	no	DET
fsr-3739	350	37	other	other	ADJ
fsr-3739	350	38	marketable	marketable	ADJ
fsr-3739	350	39	securities	security	NOUN
fsr-3739	350	40	56	56	NUM
fsr-3739	350	41	financial	financial	ADJ
fsr-3739	350	42	services	service	NOUN
fsr-3739	350	43	review	review	VERB
fsr-3739	350	44	4(l	4(l	NUM
fsr-3739	350	45	)	)	PUNCT
fsr-3739	350	46	1995	1995	NUM
fsr-3739	350	47	of	of	ADP
fsr-3739	350	48	comparable	comparable	ADJ
fsr-3739	350	49	risk	risk	NOUN
fsr-3739	350	50	to	to	ADP
fsr-3739	350	51	the	the	DET
fsr-3739	350	52	savings	saving	NOUN
fsr-3739	350	53	bonds	bond	NOUN
fsr-3739	350	54	that	that	PRON
fsr-3739	350	55	can	can	AUX
fsr-3739	350	56	be	be	AUX
fsr-3739	350	57	liquidated	liquidate	VERB
fsr-3739	350	58	.	.	PUNCT
fsr-3739	351	1	in	in	ADP
fsr-3739	351	2	practice	practice	NOUN
fsr-3739	351	3	,	,	PUNCT
fsr-3739	351	4	we	we	PRON
fsr-3739	351	5	believe	believe	VERB
fsr-3739	351	6	this	this	PRON
fsr-3739	351	7	would	would	AUX
fsr-3739	351	8	be	be	AUX
fsr-3739	351	9	a	a	DET
fsr-3739	351	10	minor	minor	ADJ
fsr-3739	351	11	problem	problem	NOUN
fsr-3739	351	12	.	.	PUNCT
fsr-3739	352	1	4	4	X
fsr-3739	352	2	.	.	X
fsr-3739	352	3	the	the	DET
fsr-3739	352	4	$	$	SYM
fsr-3739	352	5	1	1	NUM
fsr-3739	352	6	bond	bond	NOUN
fsr-3739	352	7	pays	pay	VERB
fsr-3739	352	8	$	$	SYM
fsr-3739	352	9	1.02	1.02	NUM
fsr-3739	352	10	in	in	ADP
fsr-3739	352	11	six	six	NUM
fsr-3739	352	12	months	month	NOUN
fsr-3739	352	13	.	.	PUNCT
fsr-3739	353	1	the	the	DET
fsr-3739	353	2	six	six	NUM
fsr-3739	353	3	-	-	PUNCT
fsr-3739	353	4	month	month	NOUN
fsr-3739	353	5	treasury	treasury	NOUN
fsr-3739	353	6	bill	bill	NOUN
fsr-3739	353	7	discount	discount	NOUN
fsr-3739	353	8	yield	yield	NOUN
fsr-3739	353	9	of	of	ADP
fsr-3739	353	10	3.11	3.11	NUM
fsr-3739	353	11	%	%	NOUN
fsr-3739	353	12	implies	imply	VERB
fsr-3739	353	13	a	a	DET
fsr-3739	353	14	present	present	ADJ
fsr-3739	353	15	value	value	NOUN
fsr-3739	353	16	of	of	ADP
fsr-3739	353	17	$	$	SYM
fsr-3739	353	18	1.02	1.02	NUM
fsr-3739	353	19	(	(	PUNCT
fsr-3739	353	20	.98428	.98428	PROPN
fsr-3739	353	21	)	)	PUNCT
fsr-3739	353	22	,	,	PUNCT
fsr-3739	353	23	where	where	SCONJ
fsr-3739	353	24	:	:	PUNCT
fsr-3739	354	1	[	[	X
fsr-3739	354	2	.98428	.98428	X
fsr-3739	354	3	=	=	SYM
fsr-3739	354	4	1	1	NUM
fsr-3739	354	5	.0311	.0311	NOUN
fsr-3739	354	6	(	(	PUNCT
fsr-3739	354	7	182/360	182/360	PROPN
fsr-3739	354	8	)	)	PUNCT
fsr-3739	354	9	]	]	PUNCT
fsr-3739	354	10	.	.	PUNCT
fsr-3739	355	1	5	5	X
fsr-3739	355	2	.	.	X
fsr-3739	355	3	the	the	DET
fsr-3739	355	4	wall	wall	PROPN
fsr-3739	355	5	sweet	sweet	PROPN
fsr-3739	355	6	journal	journal	PROPN
fsr-3739	355	7	reports	report	VERB
fsr-3739	355	8	an	an	DET
fsr-3739	355	9	average	average	ADJ
fsr-3739	355	10	three	three	NUM
fsr-3739	355	11	-	-	PUNCT
fsr-3739	355	12	month	month	NOUN
fsr-3739	355	13	cd	cd	NOUN
fsr-3739	355	14	rate	rate	NOUN
fsr-3739	355	15	of	of	ADP
fsr-3739	355	16	2.68	2.68	NUM
fsr-3739	355	17	%	%	NOUN
fsr-3739	355	18	.	.	PUNCT
fsr-3739	356	1	since	since	SCONJ
fsr-3739	356	2	the	the	DET
fsr-3739	356	3	six	six	NUM
fsr-3739	356	4	-	-	PUNCT
fsr-3739	356	5	month	month	NOUN
fsr-3739	356	6	yield	yield	NOUN
fsr-3739	356	7	on	on	ADP
fsr-3739	356	8	treasury	treasury	PROPN
fsr-3739	356	9	bills	bill	NOUN
fsr-3739	356	10	is	be	AUX
fsr-3739	356	11	only	only	ADV
fsr-3739	356	12	13	13	NUM
fsr-3739	356	13	basis	basis	NOUN
fsr-3739	356	14	points	point	NOUN
fsr-3739	356	15	above	above	ADP
fsr-3739	356	16	the	the	DET
fsr-3739	356	17	three	three	NUM
fsr-3739	356	18	-	-	PUNCT
fsr-3739	356	19	month	month	NOUN
fsr-3739	356	20	yield	yield	NOUN
fsr-3739	356	21	,	,	PUNCT
fsr-3739	356	22	the	the	DET
fsr-3739	356	23	3	3	NUM
fsr-3739	356	24	%	%	NOUN
fsr-3739	356	25	estimate	estimate	NOUN
fsr-3739	356	26	for	for	ADP
fsr-3739	356	27	the	the	DET
fsr-3739	356	28	six	six	NUM
fsr-3739	356	29	-	-	PUNCT
fsr-3739	356	30	month	month	NOUN
fsr-3739	356	31	cd	cd	NOUN
fsr-3739	356	32	rate	rate	NOUN
fsr-3739	356	33	appears	appear	VERB
fsr-3739	356	34	generous	generous	ADJ
fsr-3739	356	35	.	.	PUNCT
fsr-3739	357	1	6	6	NUM
fsr-3739	357	2	.	.	X
fsr-3739	357	3	with	with	ADP
fsr-3739	357	4	a	a	DET
fsr-3739	357	5	savings	savings	NOUN
fsr-3739	357	6	bond	bond	NOUN
fsr-3739	357	7	,	,	PUNCT
fsr-3739	357	8	an	an	DET
fsr-3739	357	9	investor	investor	NOUN
fsr-3739	357	10	receives	receive	VERB
fsr-3739	357	11	credit	credit	NOUN
fsr-3739	357	12	for	for	ADP
fsr-3739	357	13	the	the	DET
fsr-3739	357	14	full	full	ADJ
fsr-3739	357	15	month	month	NOUN
fsr-3739	357	16	even	even	ADV
fsr-3739	357	17	if	if	SCONJ
fsr-3739	357	18	the	the	DET
fsr-3739	357	19	funds	fund	NOUN
fsr-3739	357	20	are	be	AUX
fsr-3739	357	21	registered	register	VERB
fsr-3739	357	22	on	on	ADP
fsr-3739	357	23	the	the	DET
fsr-3739	357	24	last	last	ADJ
fsr-3739	357	25	day	day	NOUN
fsr-3739	357	26	of	of	ADP
fsr-3739	357	27	the	the	DET
fsr-3739	357	28	month	month	NOUN
fsr-3739	357	29	.	.	PUNCT
fsr-3739	358	1	thus	thus	ADV
fsr-3739	358	2	,	,	PUNCT
fsr-3739	358	3	the	the	DET
fsr-3739	358	4	2	2	NUM
fsr-3739	358	5	%	%	NOUN
fsr-3739	358	6	return	return	NOUN
fsr-3739	358	7	can	can	AUX
fsr-3739	358	8	be	be	AUX
fsr-3739	358	9	earned	earn	VERB
fsr-3739	358	10	in	in	ADP
fsr-3739	358	11	five	five	NUM
fsr-3739	358	12	months	month	NOUN
fsr-3739	358	13	and	and	CCONJ
fsr-3739	358	14	two	two	NUM
fsr-3739	358	15	days	day	NOUN
fsr-3739	358	16	.	.	PUNCT
fsr-3739	359	1	an	an	DET
fsr-3739	359	2	ee	ee	PROPN
fsr-3739	359	3	bond	bond	NOUN
fsr-3739	359	4	registered	register	VERB
fsr-3739	359	5	on	on	ADP
fsr-3739	359	6	january	january	PROPN
fsr-3739	359	7	31	31	NUM
fsr-3739	359	8	can	can	AUX
fsr-3739	359	9	be	be	AUX
fsr-3739	359	10	redeemed	redeem	VERB
fsr-3739	359	11	in	in	ADP
fsr-3739	359	12	152	152	NUM
fsr-3739	359	13	days	day	NOUN
fsr-3739	359	14	on	on	ADP
fsr-3739	359	15	july	july	PROPN
fsr-3739	359	16	1	1	NUM
fsr-3739	359	17	.	.	PUNCT
fsr-3739	360	1	the	the	DET
fsr-3739	360	2	annualized	annualize	VERB
fsr-3739	360	3	return	return	NOUN
fsr-3739	360	4	is	be	AUX
fsr-3739	360	5	4.74	4.74	NUM
fsr-3739	360	6	%	%	NOUN
fsr-3739	360	7	.	.	PUNCT
fsr-3739	361	1	[	[	X
fsr-3739	361	2	2%*(360/152	2%*(360/152	NUM
fsr-3739	361	3	)	)	PUNCT
fsr-3739	361	4	]	]	PUNCT
fsr-3739	361	5	.	.	PUNCT
fsr-3739	362	1	7	7	X
fsr-3739	362	2	.	.	X
fsr-3739	362	3	the	the	DET
fsr-3739	362	4	one	one	NUM
fsr-3739	362	5	-	-	PUNCT
fsr-3739	362	6	year	year	NOUN
fsr-3739	362	7	yield	yield	NOUN
fsr-3739	362	8	on	on	ADP
fsr-3739	362	9	coupon	coupon	NOUN
fsr-3739	362	10	-	-	PUNCT
fsr-3739	362	11	bearing	bear	VERB
fsr-3739	362	12	treasuries	treasury	NOUN
fsr-3739	362	13	is	be	AUX
fsr-3739	362	14	3.39	3.39	NUM
fsr-3739	362	15	.	.	PUNCT
fsr-3739	363	1	on	on	ADP
fsr-3739	363	2	a	a	DET
fsr-3739	363	3	financial	financial	ADJ
fsr-3739	363	4	calculator	calculator	NOUN
fsr-3739	363	5	,	,	PUNCT
fsr-3739	363	6	insert	insert	VERB
fsr-3739	363	7	n	n	NOUN
fsr-3739	363	8	=	=	SYM
fsr-3739	363	9	2	2	NUM
fsr-3739	363	10	,	,	PUNCT
fsr-3739	363	11	i	i	PRON
fsr-3739	363	12	=	=	SYM
fsr-3739	363	13	3.39%/2	3.39%/2	NUM
fsr-3739	364	1	=	=	SYM
fsr-3739	364	2	1.695	1.695	NUM
fsr-3739	364	3	%	%	NOUN
fsr-3739	364	4	,	,	PUNCT
fsr-3739	364	5	pmt=	pmt=	VERB
fsr-3739	364	6	$	$	SYM
fsr-3739	364	7	.02	.02	NUM
fsr-3739	364	8	,	,	PUNCT
fsr-3739	364	9	fv=	fv=	PROPN
fsr-3739	364	10	$	$	SYM
fsr-3739	364	11	1	1	NUM
fsr-3739	364	12	.	.	NOUN
fsr-3739	364	13	8	8	NUM
fsr-3739	364	14	.	.	PUNCT
fsr-3739	365	1	the	the	DET
fsr-3739	365	2	average	average	NOUN
fsr-3739	365	3	of	of	ADP
fsr-3739	365	4	bid	bid	NOUN
fsr-3739	365	5	and	and	CCONJ
fsr-3739	365	6	ask	ask	VERB
fsr-3739	365	7	prices	price	NOUN
fsr-3739	365	8	for	for	ADP
fsr-3739	365	9	february	february	PROPN
fsr-3739	365	10	1994	1994	NUM
fsr-3739	365	11	and	and	CCONJ
fsr-3739	365	12	august	august	PROPN
fsr-3739	365	13	1994	1994	NUM
fsr-3739	365	14	treasury	treasury	NOUN
fsr-3739	365	15	strips	strip	NOUN
fsr-3739	365	16	are	be	AUX
fsr-3739	365	17	98:15	98:15	NUM
fsr-3739	365	18	and	and	CCONJ
fsr-3739	365	19	96:22.5	96:22.5	NUM
fsr-3739	365	20	,	,	PUNCT
fsr-3739	365	21	where	where	SCONJ
fsr-3739	365	22	the	the	DET
fsr-3739	365	23	latter	latter	ADJ
fsr-3739	365	24	denotes	denote	NOUN
fsr-3739	365	25	96	96	NUM
fsr-3739	365	26	plus	plus	CCONJ
fsr-3739	365	27	22.5/32	22.5/32	NUM
fsr-3739	365	28	%	%	NOUN
fsr-3739	365	29	of	of	ADP
fsr-3739	365	30	par	par	NOUN
fsr-3739	365	31	.	.	PUNCT
fsr-3739	366	1	the	the	DET
fsr-3739	366	2	implied	imply	VERB
fsr-3739	366	3	yield	yield	NOUN
fsr-3739	366	4	is	be	AUX
fsr-3739	366	5	[	[	X
fsr-3739	366	6	(	(	PUNCT
fsr-3739	366	7	98	98	NUM
fsr-3739	366	8	:	:	SYM
fsr-3739	366	9	15/96:22.5	15/96:22.5	NUM
fsr-3739	366	10	)	)	PUNCT
fsr-3739	366	11	11	11	NUM
fsr-3739	366	12	.	.	PUNCT
fsr-3739	367	1	the	the	DET
fsr-3739	367	2	implied	imply	VERB
fsr-3739	367	3	forward	forward	ADJ
fsr-3739	367	4	price	price	NOUN
fsr-3739	367	5	is	be	AUX
fsr-3739	367	6	96:22.5/98	96:22.5/98	NUM
fsr-3739	367	7	:	:	SYM
fsr-3739	367	8	15	15	NUM
fsr-3739	367	9	,	,	PUNCT
fsr-3739	367	10	or	or	CCONJ
fsr-3739	367	11	$	$	SYM
fsr-3739	367	12	.9821	.9821	NOUN
fsr-3739	367	13	.	.	PUNCT
fsr-3739	368	1	9	9	X
fsr-3739	368	2	.	.	X
fsr-3739	368	3	on	on	ADP
fsr-3739	368	4	a	a	DET
fsr-3739	368	5	financial	financial	ADJ
fsr-3739	368	6	calculator	calculator	NOUN
fsr-3739	368	7	,	,	PUNCT
fsr-3739	368	8	insert	insert	VERB
fsr-3739	368	9	n	n	NOUN
fsr-3739	368	10	=	=	SYM
fsr-3739	368	11	5	5	NUM
fsr-3739	368	12	,	,	PUNCT
fsr-3739	368	13	i	i	PRON
fsr-3739	368	14	=	=	NOUN
fsr-3739	368	15	2.205	2.205	NUM
fsr-3739	368	16	%	%	NOUN
fsr-3739	368	17	,	,	PUNCT
fsr-3739	368	18	pmt=	pmt=	VERB
fsr-3739	368	19	$	$	SYM
fsr-3739	368	20	0.02	0.02	NUM
fsr-3739	368	21	,	,	PUNCT
fsr-3739	368	22	fv=	fv=	PROPN
fsr-3739	368	23	$	$	SYM
fsr-3739	368	24	1	1	NUM
fsr-3739	368	25	.	.	PUNCT
fsr-3739	368	26	10	10	NUM
fsr-3739	368	27	.	.	PUNCT
fsr-3739	369	1	the	the	DET
fsr-3739	369	2	interest	interest	NOUN
fsr-3739	369	3	on	on	ADP
fsr-3739	369	4	qualifying	qualify	VERB
fsr-3739	369	5	bonds	bond	NOUN
fsr-3739	369	6	will	will	AUX
fsr-3739	369	7	be	be	AUX
fsr-3739	369	8	excluded	exclude	VERB
fsr-3739	369	9	from	from	ADP
fsr-3739	369	10	federal	federal	ADJ
fsr-3739	369	11	income	income	NOUN
fsr-3739	369	12	tax	tax	NOUN
fsr-3739	369	13	only	only	ADV
fsr-3739	369	14	if	if	SCONJ
fsr-3739	369	15	the	the	DET
fsr-3739	369	16	qualifying	qualify	VERB
fsr-3739	369	17	tuition	tuition	NOUN
fsr-3739	369	18	and	and	CCONJ
fsr-3739	369	19	fees	fee	NOUN
fsr-3739	369	20	paid	pay	VERB
fsr-3739	369	21	during	during	ADP
fsr-3739	369	22	the	the	DET
fsr-3739	369	23	year	year	NOUN
fsr-3739	369	24	are	be	AUX
fsr-3739	369	25	equal	equal	ADJ
fsr-3739	369	26	to	to	ADP
fsr-3739	369	27	or	or	CCONJ
fsr-3739	369	28	more	more	ADJ
fsr-3739	369	29	than	than	ADP
fsr-3739	369	30	the	the	DET
fsr-3739	369	31	redemption	redemption	NOUN
fsr-3739	369	32	proceeds	proceed	NOUN
fsr-3739	369	33	(	(	PUNCT
fsr-3739	369	34	interest	interest	NOUN
fsr-3739	369	35	and	and	CCONJ
fsr-3739	369	36	principal	principal	NOUN
fsr-3739	369	37	)	)	PUNCT
fsr-3739	369	38	of	of	ADP
fsr-3739	369	39	qualified	qualified	ADJ
fsr-3739	369	40	bonds	bond	NOUN
fsr-3739	369	41	,	,	PUNCT
fsr-3739	369	42	regardless	regardless	ADV
fsr-3739	369	43	of	of	ADP
fsr-3739	369	44	how	how	SCONJ
fsr-3739	369	45	the	the	DET
fsr-3739	369	46	bond	bond	NOUN
fsr-3739	369	47	proceeds	proceed	NOUN
fsr-3739	369	48	are	be	AUX
fsr-3739	369	49	actually	actually	ADV
fsr-3739	369	50	used	use	VERB
fsr-3739	369	51	.	.	PUNCT
fsr-3739	370	1	if	if	SCONJ
fsr-3739	370	2	tuition	tuition	NOUN
fsr-3739	370	3	and	and	CCONJ
fsr-3739	370	4	fees	fee	NOUN
fsr-3739	370	5	are	be	AUX
fsr-3739	370	6	less	less	ADJ
fsr-3739	370	7	than	than	ADP
fsr-3739	370	8	the	the	DET
fsr-3739	370	9	value	value	NOUN
fsr-3739	370	10	of	of	ADP
fsr-3739	370	11	the	the	DET
fsr-3739	370	12	bonds	bond	NOUN
fsr-3739	370	13	cashed	cash	VERB
fsr-3739	370	14	,	,	PUNCT
fsr-3739	370	15	the	the	DET
fsr-3739	370	16	exclusion	exclusion	NOUN
fsr-3739	370	17	is	be	AUX
fsr-3739	370	18	proportional	proportional	ADJ
fsr-3739	370	19	to	to	ADP
fsr-3739	370	20	the	the	DET
fsr-3739	370	21	percentage	percentage	NOUN
fsr-3739	370	22	of	of	ADP
fsr-3739	370	23	the	the	DET
fsr-3739	370	24	value	value	NOUN
fsr-3739	370	25	that	that	PRON
fsr-3739	370	26	was	be	AUX
fsr-3739	370	27	used	use	VERB
fsr-3739	370	28	for	for	ADP
fsr-3739	370	29	tuition	tuition	NOUN
fsr-3739	370	30	and	and	CCONJ
fsr-3739	370	31	fees	fee	NOUN
fsr-3739	370	32	.	.	PUNCT
fsr-3739	371	1	for	for	ADP
fsr-3739	371	2	example	example	NOUN
fsr-3739	371	3	,	,	PUNCT
fsr-3739	371	4	if	if	SCONJ
fsr-3739	371	5	a	a	DET
fsr-3739	371	6	bondholder	bondholder	NOUN
fsr-3739	371	7	redeemed	redeem	VERB
fsr-3739	371	8	$	$	SYM
fsr-3739	371	9	10,000	10,000	NUM
fsr-3739	371	10	worth	worth	NOUN
fsr-3739	371	11	of	of	ADP
fsr-3739	371	12	bonds	bond	NOUN
fsr-3739	371	13	during	during	ADP
fsr-3739	371	14	the	the	DET
fsr-3739	371	15	year	year	NOUN
fsr-3739	371	16	but	but	CCONJ
fsr-3739	371	17	tuition	tuition	NOUN
fsr-3739	371	18	and	and	CCONJ
fsr-3739	371	19	fees	fee	NOUN
fsr-3739	371	20	totaled	total	VERB
fsr-3739	371	21	only	only	ADV
fsr-3739	371	22	$	$	SYM
fsr-3739	371	23	8,000,80	8,000,80	NUM
fsr-3739	371	24	%	%	NOUN
fsr-3739	371	25	of	of	ADP
fsr-3739	371	26	the	the	DET
fsr-3739	371	27	interest	interest	NOUN
fsr-3739	371	28	income	income	NOUN
fsr-3739	371	29	could	could	AUX
fsr-3739	371	30	be	be	AUX
fsr-3739	371	31	excluded	exclude	VERB
fsr-3739	371	32	from	from	ADP
fsr-3739	371	33	federal	federal	ADJ
fsr-3739	371	34	income	income	NOUN
fsr-3739	371	35	tax	tax	NOUN
fsr-3739	371	36	.	.	PUNCT
fsr-3739	372	1	to	to	PART
fsr-3739	372	2	avoid	avoid	VERB
fsr-3739	372	3	this	this	DET
fsr-3739	372	4	problem	problem	NOUN
fsr-3739	372	5	,	,	PUNCT
fsr-3739	372	6	parents	parent	NOUN
fsr-3739	372	7	should	should	AUX
fsr-3739	372	8	buy	buy	VERB
fsr-3739	372	9	several	several	ADJ
fsr-3739	372	10	small	small	ADJ
fsr-3739	372	11	-	-	PUNCT
fsr-3739	372	12	denomination	denomination	NOUN
fsr-3739	372	13	ee	ee	NOUN
fsr-3739	372	14	bonds	bond	NOUN
fsr-3739	372	15	instead	instead	ADV
fsr-3739	372	16	of	of	ADP
fsr-3739	372	17	one	one	NUM
fsr-3739	372	18	large	large	ADJ
fsr-3739	372	19	-	-	PUNCT
fsr-3739	372	20	denomination	denomination	NOUN
fsr-3739	372	21	bond	bond	NOUN
fsr-3739	372	22	.	.	PUNCT
fsr-3739	373	1	for	for	ADP
fsr-3739	373	2	example	example	NOUN
fsr-3739	373	3	,	,	PUNCT
fsr-3739	373	4	the	the	DET
fsr-3739	373	5	parents	parent	NOUN
fsr-3739	373	6	could	could	AUX
fsr-3739	373	7	buy	buy	VERB
fsr-3739	373	8	20	20	NUM
fsr-3739	373	9	bonds	bond	NOUN
fsr-3739	373	10	worth	worth	ADJ
fsr-3739	373	11	$	$	SYM
fsr-3739	373	12	500	500	NUM
fsr-3739	373	13	each	each	PRON
fsr-3739	373	14	instead	instead	ADV
fsr-3739	373	15	of	of	ADP
fsr-3739	373	16	one	one	NUM
fsr-3739	373	17	bond	bond	NOUN
fsr-3739	373	18	worth	worth	ADJ
fsr-3739	373	19	$	$	SYM
fsr-3739	373	20	10,000	10,000	NUM
fsr-3739	373	21	.	.	PUNCT
fsr-3739	374	1	they	they	PRON
fsr-3739	374	2	could	could	AUX
fsr-3739	374	3	then	then	ADV
fsr-3739	374	4	liquidate	liquidate	VERB
fsr-3739	374	5	an	an	DET
fsr-3739	374	6	amount	amount	NOUN
fsr-3739	374	7	to	to	PART
fsr-3739	374	8	ensure	ensure	VERB
fsr-3739	374	9	that	that	SCONJ
fsr-3739	374	10	the	the	DET
fsr-3739	374	11	interest	interest	NOUN
fsr-3739	374	12	was	be	AUX
fsr-3739	374	13	fully	fully	ADV
fsr-3739	374	14	tax	tax	NOUN
fsr-3739	374	15	exempt	exempt	ADJ
fsr-3739	374	16	.	.	PUNCT
fsr-3739	375	1	reference	reference	NOUN
fsr-3739	375	2	brennan	brennan	PROPN
fsr-3739	375	3	,	,	PUNCT
fsr-3739	375	4	m.j	m.j	PROPN
fsr-3739	375	5	.	.	PROPN
fsr-3739	375	6	,	,	PUNCT
fsr-3739	375	7	&	&	CCONJ
fsr-3739	375	8	schwartz	schwartz	PROPN
fsr-3739	375	9	,	,	PUNCT
fsr-3739	375	10	e.s	e.s	PROPN
fsr-3739	375	11	.	.	PROPN
fsr-3739	375	12	(	(	PUNCT
fsr-3739	375	13	1977	1977	NUM
fsr-3739	375	14	)	)	PUNCT
fsr-3739	375	15	.	.	PUNCT
fsr-3739	376	1	savings	saving	NOUN
fsr-3739	376	2	bonds	bond	NOUN
fsr-3739	376	3	,	,	PUNCT
fsr-3739	376	4	retractable	retractable	ADJ
fsr-3739	376	5	bonds	bond	NOUN
fsr-3739	376	6	,	,	PUNCT
fsr-3739	376	7	and	and	CCONJ
fsr-3739	376	8	callable	callable	ADJ
fsr-3739	376	9	bonds	bond	NOUN
fsr-3739	376	10	.	.	PUNCT
fsr-3739	377	1	journal	journal	NOUN
fsr-3739	377	2	of	of	ADP
fsr-3739	377	3	financial	financial	ADJ
fsr-3739	377	4	economics	economic	NOUN
fsr-3739	377	5	,	,	PUNCT
fsr-3739	377	6	67	67	NUM
fsr-3739	377	7	-	-	SYM
fsr-3739	377	8	88	88	NUM
fsr-3739	377	9	.	.	PUNCT