Fannie Mae Preferred S (FNMAS)

[jwnoble3]

Statement: Treasury received the following for up to 200B in funding commitments.

** $1 billion of senior preferred stock in each GSE

** Warrants for the purchase of common stock of each GSE representing 79.9% of the common stock of each GSE on a fully-diluted basis at a nominal price

The senior preferred stock shall accrue dividends at 10% per year (now changed to whatever you can pay GSE).

http://www.reuters.com/article/2008/09/07/us-freddie-fannie-preferredstock-idUKN0736935720080907

Questions: Why are some posting higher amounts owed in sr. prefs? Anyone know what the nominal price was set at on the TSY warrants? (would love to know this).