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Here is how Hedge Funds guarantee a win on the powerball draw

Discussion in 'Market News' started by ForexLive, Jan 14, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Wall Street could guarantee a profit out of Powerball by issuing high-yield junk bonds and purchasing 292 million tickets. If the venture won the jackpot outright, it would pay off the bonds and pocket around $300 million. Love it!

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