European Stars And Stripes (Newspaper) - January 17, 1988, Darmstadt, Hesse                                Page 20 the stars and stripes sunday january 17,198 investor s guide business news by Bill Doyle q. 1 pm Chad a Nam bar of Eor pole bands All of a Nice had specified maturity Dales on which they i told be re deemed Al Par nine it lace amount of each Bond. Some of the bands had Call bum Sions allow ing the companies Ibal issued them in redeem in flirt Bond Doyle Issue Al a Premium Price before a however seven of Ray inn were redefined it Par value Long before Louir huh trite dates and Eien before their Call dates. This was done through linking fund  what 11 a linking fund a. A sinking fund is a provision requiring a Bond issuer to retire a portion of the Bond Issue before maturity. Let s say Xyz corp. Issues s10q million of 30-year Bonds. If thai Bond Issue has neither a Call provision nor a sinking fund pro vision the entire $100 million of Bonds will remain outstanding until the year 2018. Al that time the Bond will mature and inc company will redeem them by paying $100 million in one shot. Now let s say Hal Bond Issue has a sinking fund requiring Xyz corp. In buy Back and redeem 5 percent of the Bonds annually be ginning in 1999. By retiring j5 million of the Bonds each year the entire Issue will be redeemed by 2018. Xyz corp. Will handle the gradual retirement of the Bonds through the sinking fund in an or Derly manner and won l have to pay out is 00 million All Al once. Q. When then is a linking fond provision on a Bond or preferred Stock tone ban do lit inner it str mine the particular Bonds or share to be nah meet a. There Are three ways that is done. 1. The issuer can simply buy the Bonds or shares in the open mar Ket this method in used when inc Markci Price of the Bonds or shares is below the Price Al which the Bonds or shares will be re i med through the sinking fund. 2. The issuer can advertise that it wishes to buy Bonds or shares and pay the linking fund Price. This method is used when the Market Price is just slightly below the sinking fund Price. 3. The Bonds or i arcs 1o be re tired can be selected by lot picked out of a Hal so 10 speak. This method in used when the Market Price in above the sinking fund Price. Q. When Bonds Are chosen by lot to be Redeen just  new York currency traders began bid Ding up the Dollar at 8 30 . When the Commerce department announced the november Trade deficit narrowed to j13.2 billion from october s $17,6 Bil lion red Ink figure. The improvement largely reflected stepped up Export of . Manufactured goods the depart ment said. In new York the Dollar closed at 130.80 yen up 3.7 percent from thurs Day s 126.15 close. The Dollar ended at1,6805 West German Marks in afternoon trading a 3.1 percent gain from its 1.6300 finish thursday. The Dollar did not Trade in Tokyo Fri Day because wants were closed for a National Holiday. In Frankfurt the Dollar also was buoyed by the Trade news ending Al 1.6815 Marks Friday a 2,7 percent use from thursday s 1.6374 close. The Dollar ended sharply higher in most european cities with traders i Frankfurt and London describing trading As very hectic. In new York Gold weakened. Mini to 1474.75 an ounce in the afternoon from $487.75 Al the close thursday. Silver Fello s6.6i an ounce Friday afternoon in new York from j6.bs Thun Day. On the new York Stock Exchange prices soared in the opening minutes on the favourable Trade report and managed to hold onto most of the Advance in the afternoon. The Dow Jones Industrial average Rose 39.96, or 2.09 percent id close the week Al 1956.07. Prices surged on the London Slock Exchange with the financial times 100 Stort Index climbing 43.3 Points to end tie Day Al 1786.7 and the lop 30 Indus trials gaining 38 Points to 1436.7. Stocks also were bolstered on the Paris bourse where the general Market Indi Cator dosed up 3.3 percent Bosses get Low rating in National Survey Tywun it Lohn a do the Sittl and sir apr 09211 a  Cleveland up on average Bosses rated Only a 6.5 on a scale of 10 in a National Survey conducted by Industry week Magazine and 42 percent of the respondents said their Bosses egos arc outrageous or  a major reason Why , Industry continues to fall behind is supervisors like mine one respondent wrote. Other comments about Bosses included takes credit for work of  rules with an Iron fist by fear and  builds a Wall around him in if which b hard to penetrate. However Rei ulu published in la cur rent edition of Industry week How that 85 percent said their Bosses arc Able 10laugh, 77 percent said their bout Are honest and 72 percent said their Bosses Are fair Siny four percent described their Bosses As flexible 63 percent compassionate 63 percent patient 62 percent Good listeners and 57 percent leaders. I Donl hold my Boa at fault As much As 1 do the system that promoted him one person wrote. Olber comments whal i would like to say would probably gel me  ican t believe a user can gel so far undetected he i a politician s  fifty one percent said their Bosses do Good or Superior jobs in encouraging initiative and Molivia Ling and 56 percent said they fat their Bosses Are above average Inderlin Wilh employees. The respondents were Heidi land to Cut Viciie the decision making styles of their supervisor. ,. ,. Forty nine percent said their Bosses.  to i �.���-j-�, i per cent wavering 14 percent pro Crasti in Tang 6 percent do nothing and 5percenl had other comments. His limitations Are Lea his own than those of his Boss our president one person wrote. No Mutual because of in Mission problems we were again unable to bring you the weekly Mutual funds list we Are continuing to work on alternate methods of obtain ing Ibe list