Bank of America Preferred
I am certainly not a savvy stock picker so I am looking for your advice. Would you consider bac.pr.h now. It is a BAC 1/1000 share of preferred stock paying (currently) over 8% dividend yield and callable in ten years I think. It is a nice dividend as long as it lasts and par for the shares is $25 since they are viewed more like a bond.
Since it is a single company then it has more risk than a Mutual Fund but how risky would you view it as a hold till called?
Thank you for all information in advance.
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