Tue, Sep 30, 2014, 5:39 PM EDT - U.S. Markets closed

Recent

% | $
Quotes you view appear here for quick access.

Bank of America Corporation Mar Message Board

  • foreverwhiteroses foreverwhiteroses Dec 19, 2013 10:56 AM Flag

    6% annualized yield for the remaining holding period

    Does anybody follow this one??? It's a BAC credit and as long as the S&P is above 1216 it will mature and pay 15.91 on February 28, 2014... Present bid side = 15.73 and at 15.73, that's a 5.95% annualized yield for the next two months.... Nothing wrong with that if you're looking to park some money on the sidelines for a couple of months... You have about 35% downside protection on the S&P before the payout would be anything other than 15.91. BTW, there's a similar security, SCT, that matures one month later and it doesn't yield as much as this one and it has not quite as much downside protection.

 
MGJ
15.880.00(0.00%)Feb 25 4:00 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.