Phone Calls

Question 1

Bond Call
3% Royal Bank Issue
callable Sept 27/21, maturity Sept 27/2030
priced at 100

Answer 1

Hi Mr Prospect, this is Cate Shipley with Edward Jones calling.

• The reason I’m calling is that I have the opportunity to get my clients 3% interest that pays monthly from a new issue Royal Bank of Canada bond.
• I don’t know if you have the money available, but if you do, I think you should ow this Royal Bank Bond!
• 3 reasons I like this bond:
  1) the quality of the bond- these bonds are backed by the Royal Bank of Canada
  2) the income you receive- this bond pays interest every month. In fact every $2500 invested pays $62.50 per month.
  3) liquidity- in case of emergency, this bond could be sold on any business day. We would have to check the market value of the bond before we sold it to see if it was up or down, so the money that goes into this should be extra savings money.

This is anew issue with a limited quantity, especially in this low interest rate environment, it won’t be available for long, so if you have the money available I suggest you buy some today!