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Investing Glossary:
Trade flat
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Definition: |
| For convertibles, Trade without accrued interest. Preferred stock always "trades flat," as do Bonds on which Interest is in Default or is in doubt. In general, trade in and Out of a position at the same price, neither making a Profit nor taking a loss.
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