TSX:BPO.PR.A - Post by User
Comment by
CrazyTraderon Mar 15, 2024 3:24pm
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Post# 35935525
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NCIB - February Activity
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:NCIB - February Activity@rodbhar..... Finally someone with some common sense.
Although, with the share price of floaters so low.... I assume Par on them are $25......
What I talked about the "leverage" of low share price on Resets and its effect on yield for a given change in rate applies to floaters also.
So, even if the rates on Resets are "usually" higher..... there maybe be cases where while rate on floaters reset at a lower rate of Reset, the Yield will be higher on floaters due "leverage" of low share price.
Too much math.....I know what the minimum I would be getting with Resets, floaters I don't know. I stuck with Resets.
All just my opinion/view/thinking