"When I bought ARR-PB it was trading 24.54, whereas ARR-PA was trading 25.69. You are talking about "issue" yield and not "current" yield. Issued yield is based upon 25.00 PPS. Current yield, at the prices I listed placed "Current" yield @ 8.02% each."
I know what current yield is, what issue yield is and what yield to call is.
I wasn't commenting on your trade idea. I know it worked out for you. I was just commenting on your statement: "I knew(99%) that ARR-PB would catch the A, why wouldn't it??"