Dte has 2 prefs 1.25% yield diff and they trade 2 dollars apart
bbt has 3 prefs 2 of them trade .625 yield and trade 1 dollar part
nee has a bunch of prefs nee-j yields .625 less then 2 and is trading 2 bucks lower
worst case it should trade 1 dollar part
4 percent fraud in a 500mil security
cheater did same in bbt-pf before it ripped up from 2 dollars under to now just 1 dollar under
buy nee-j and hold it for 1 dollar move up to converge through the fraud selller who is just buying here before he marches it up
Thanks, Reik. I am in some NEE PRI and NEE PRJ.