These guys are your fellow moron employees, at the company you "work" at, if you call that a laget company. All the boards are covered all over by this dumb company, should be blocked my yahoo.
amortized monthly with a 10.5 % discount from net asset value.* The average discount from net asset value over a ten year period is 2.3%
*as of June 12.
It's all about the future expected rise of interest rates. AEP's dividend is worth less in a higher rate environment.
If interest rates go up but the dividend stays the same, the value of that stock is less. Bonds paying a higher rate will be more attractive to some than stock.