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Non-Tech : Income Investing
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To: i.mkat who wrote (10784)7/2/2014 5:12:24 PM
From: Lord Xot7 Recommendations

Recommended By
brehm233
camroc325
KEN2CWL
MRothaus1
tjon72

and 2 more members

  Read Replies (2) of 52048
 
Re: re GST-B

You have to figure in the loss of $3.66 at call. If i use 4.25 years till call, i calculate a YTC of 6.78%....close enough. It's important to understand this concept. Any pfd at par or under will out earn GST-B with a current yield of 6.79% or better, assuming the issue is called. Some accrued dividend at call will improve the YTC figure somewhat. If i add one monthly dividend to the price at par, the YTC figure changes to 7.03%. But for an apples to apples comparison, just use par. I would sell this issue and pick up something at 7.5% or better, at par or under. Taxes on gains would figure in though and have to be considered in the calculations. In IRA's, i'd sell yesterday.........................................................Xot
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