Photographer: Wil Riera/Bloomberg

Looking for a Quick 10% Investment Gain? Try Venezuela

The shortest-maturity notes from state oil company Petroleos de Venezuela SA are offering investors an opportunity for a giant payday, or a trip to the cleaners. They’re trading at about 90 cents on the dollar with just over a week before they come due. If Venezuela comes through with the money, it’s a quick 10 percent gain for investors; but if they default, analysts estimate the recovery value at something near 30 cents on the dollar.

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