u/JuanPabloElTres · 40d ago1 prior · awaiting results
“Bank of America preferred stock BACPRQ yielding 6.75% with 60% upside relative to its $25 call value”
At what point do bonds/preferred stock become hard to turn down - example:Bank of America preferred now yielding 6.75% with 60% upside
Bank of America preferred stock (BACPRQ) offers 6.75% yield plus 60% upside to $25 call value, delivering ~11% CAGR if redeemed in 10 years—comparable to historical S&P 500 returns but with lower credit risk, making it an attractive risk-adjusted investment.