Banks--- Betting on the recovery Message Board

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Non-Tech : Banks--- Betting on the recovery

WFC 82.76

-2.7%

3:08 PM EST

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To: Road Walker who wrote (304)	3/26/2009 4:07:55 PM
From: tejek	of 1428

Why do the yields change on the preferred? Price of the issue went way up. At ~$8 the yield was ~25%... now at $11.60 it's about 16%. Got it.....forgot the yield changes with price.

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