NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
My bold... nope, not even close...
Dropping to 87 means the yield is about 6.1%... JCP is close to 14%... opps... sorry, just checked and it is now 20%....
OK. Comparison of Tesla to JCP is wrong.
However, the yield to maturity is higher than 6.1% though. The bond is relative short-term with maturity in 2025. At maturity, you would get back $1 for your 87c, and that enhances the yield. Not as high as 14% though.