Bank of America Corp (BAC)

[Mr. Bill]

So 90% of 6.89 is $6.20 - so in theory given today's BAC common stock price today's existing share holders would actually be getting a great deal if the preferred were to be converted to common right now.

Not that I think we will see this happen however. I think over time one will see the preferred shares be bought out and the US Govt paid back in full for the loan.

2009/02/09 6.57 7.05 6.31 6.89 457,943,599 6.89