Bank Of America Corp's MER-P-K is an exchange-traded baby bond in the Banking & Savings sector.
At a recent price of $25.26, MER-P-K yields 6.38% on its $25 liquidation preference and 6.45% coupon.
It trades at a premium of 1.0% to par.
The issue is cumulative, callable on or after 2011-12-15.
Distributions are paid quarterly.
Figures are derived from market data and SEC filings; confirm details in the prospectus before investing.
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