Lehman Brothers Financial SA (LEHNQ)

[stockmojo9]

Why specifically is the interest anything significant?

Yes, the interest on K's & L's is higher than the N's & HHM's but how does it effect the the settlement in your view?

By the way, with interest rates so low, I researched the market yesterday and my broker was quoting a $25 Preferred issue at a 7.5% coupon that was trading at $29+.

So, theoretically, the $1.2B nominal value of the CT's could settle much more debt if the debt holders would take a rate discount to 3% to 5%.

Keep working.