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This excerpt taken from the PBI 10-Q filed Nov 7, 2008. Corporate Notes and Bonds: The fair value of corporate securities is estimated
using recently executed transactions, market price quotations where observable, or bond spreads. The spread data used are for the same maturity as the security. These securities are classified in Level 2 of the fair value hierarchy.
This excerpt taken from the PBI 10-Q filed Aug 7, 2008. Corporate Notes and Bonds: The fair value of corporate securities is estimated
using recently executed transactions, market price quotations where observable, or bond spreads. The spread data used are for the same maturity as the security. These securities are classified in Level 2 of the fair value hierarchy.
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