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In this video, Ken Finn discusses Variable Rate Demand Obligations (VRDOs), highlighting their benefits. VRDOs are a misunderstood type of bond in the Series Seven category, known for having no interest rate risk. If you purchase a bond at a set rate, its value adjusts with market rates, so if rates rise or fall, the bond follows suit. Additionally, VRDOs come with an embedded put option, allowing investors to sell the bond back to the issuer at par value ($1,000), which further mitigates interest rate risk. While VRDOs do carry credit risk, they are reset frequently—weekly, quarterly, or monthly—providing flexibility and stability for investors.