Originally Posted by
BMEP100
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I'm not getting what you are saying about 8% penalty. Howard claimed it saved the company money.
In any case, I guess they could have pre paid or book an additional 1 billion of interest in 2014 and had to pay NO profit sharing.
Debt is secured and guaranteed a ROI for the purchaser. If you buy it back early, they stop earning interest, so there is a repayment penalty.