Replies to post #2954 on Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[td31]

i was wondering about that. I only got paid on my one and not both. if they hunt it down, let me know. I have Scottrade too

[GO4AWILDRIDE]

Rumble & Anyone else

Was the 13% payment based on $1.00 per bond or 1/3 of $3.00 per bond.

The reason I ask is we only held the bonds for 1/3 of that quarter May 1,2014.

So could that bond really be worth $3.00 & not the $1.00 everyone is talking about.

We will know on the September 1,2014 interest payment.

Also another point: if the BOND will have a face value of $100 in 2030, that is approximately 64 quarters away.

So will the BONDS increase in value for every quarter closer to maturity date?

If so that means the $3.00 will grow by $1.52 each quarter.

How I got to this # is as follows: $100-$3.00(existing value) /64 = $97.00/64= $1.5156 or about $1.52 increase.

So in September the dividend should be $3.00+$1.52= $4.52 * .13 = $0.59/4=$0.1469 per bond

Anyone want to chime in?


GO4AWILDRIDE

[td31]

I don't think Scottrade knows whats going on. I just checked my account. My interest payment is gone now