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Bank of America's Preferred Stock, Series 4 Shares Cross 7% Yield Mark

In trading on Thursday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 4 (BML. RJ) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.6221), with shares changing hands as low as $22.64 on the day.
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