After June's eight new offerings, seven new preferred stocks were introduced during July for the consideration of preferred stock investors. There are currently 97 high quality preferred stocks selling for an average price of $26.09 (July 31), offering an average coupon of 5.60% and a current yield of 5.35%. And, 12 of these high quality issues are selling below their $25 par value, providing an average yield-to-call of...
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