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As companies rush to pay special dividends to their investors ahead of year-end, some are financing those payments by issuing debt, a move that works against the interest of their bondholders, MarketWatch points out. The story cites Costco and HCA Holdings as examples of the trend; Costco sold $3.5 billion in debt last week, in part to finance a dividend, and HCA said this week that it will sell $1 billion in debt to pay a dividend.

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