RE:Why such a big diff between PR B and D? Since they are convertible into each other 26 months from now, there shouldn't be such a difference - ~80 cents would make more sense -(2 years worth of difference in dividend payment) either someone is buying D's that doesn't understand this conversion feature or prime rate is going down some more or there's something else in the indenture that I'm not aware of. Barring what I'm not aware of the arbitrage is buy B's and sell D's.