Replies to post #94805 on Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

Quick back of an envelope calculation of interest.
They all offer various rates but average of the four is near 6.2% a year.
BK in 2008 would be 13 years.
$25 par x .062 = $1.55 interest income a year potential.
13 ( years) x 1.55 = $20.15 total interest.
The interest isn’t compounding so this number is within fractions of a dollar per year what the income would be.

Par $25 + $20.15 interest = $45.15.

Git’er done.
I’m going to have a Sinatra. Cheers

[highwaymap]

26 dollars? I hope you are right. The interest is more than the RV now?

[Nellafom]

6% x 13 years = 78% ... 78% of $25 pps = around $20 pps and the interest has not been compounded.