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Home / Columnists / Berko / BofA recovery still hounded by Countrywide buy (access required)

BofA recovery still hounded by Countrywide buy (access required)

DEAR MR. BERKO: In 2008, you recommended Bank of America's 7.25 percent convertible preferred stock at $720 a share. It yielded 10 percent, and you said it was a safe investment. We bought 30 shares for $22,000, and they're now worth $1,060 each, or $31,000. We have a nice $9,000 gain and get $1,087.50 in ...

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