Rally in bank stocks raises appeal of convertible preferred

Matthews, Gordon
April 1994
American Banker;4/28/1994, Vol. 159 Issue 81, p24
Trade Publication
Reports on the impact of the increase in bank stocks on investor appeal of banks' convertible preferred stock. Reasons for the appeal of convertibles to some investors; Key valuation yardsticks for the issues; Concept of conversion premium; Barnett Bank's issue of convertible preferred class c shares; Conversion premium for First Chicago Corp.'s preferred issue; Availability of attractive yields.


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