Hints and tips:
...Over 80 per cent of the UK mortgage stock is now fixed rather than floating, which means that the impact of higher policy rates is staggered and in this sense, it is worth noting that 4mn mortgagors are...
...For example, the price of one junior preferred issue, the Fannie Mae 8.25 per cent non-cumulative Series T, has risen by more than 136 per cent over the past 12 months....
...Preferred stocks have achieved an unusually high profile of late, propelled into the limelight as the chosen instrument for governments on both sides of the Atlantic to inject capital into failing banks....
...Also, some firms may choose to apply to Treasury for Mandatory Convertible Preferred (MCP) under our program as a bridge to private capital....
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