Fannie Mae Preferred S (FNMAS)

[skibrian]

bp and joe are both right, given perspective.

if you hold the shares, BP is right.

if you are at par value and you could sell the shares and invest in another company with a higher current yield, you would have more income. however, BP might make that trade and say he increased his yield on top of what he invested in F&F a few years before. He increased his yield on his original investment by trading to a higher current yield security.

they are both right depending on perspective.