Investments, tenth edition

NAME

YTD% CHG

P/E

YIELD

DIV

52 WK LOW

52 WK HIGH

VOLUME

NET CHG

CLOSE

SYMBOL

....

 Figure 2.8 

Listing of stocks traded on the New York Stock Exchange  

 Source: Compiled from data from  The Wall Street Journal Online,  July 18, 2012. 

bod61671_ch02_028-058.indd   43

bod61671_ch02_028-058.indd   43

6/18/13   7:41 PM

6/18/13   7:41 PM

Final PDF to printer

---

44  P A R T  

I

 Introduction

exclusion, generally will find preferred stock yields unattractive relative to those on 

other available assets. 

 Preferred stock is issued in variations similar to those of corporate bonds. It may be 

callable by the issuing firm, in which case it is said to be  redeemable.  It also may be con-

vertible into common stock at some specified conversion ratio. Adjustable-rate preferred 

stock is another variation that, like adjustable-rate bonds, ties the dividend to current mar-

ket interest rates.