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Bank of America's Preferred Stock, Series 2 Yield Pushes Past 7%

In trading on Friday, shares of Bank of America Corp's Floating Rate Non-Cumulative Preferred Stock, Series 2 (BML. RH) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.5624), with shares changing hands as low as $22.30 on the day.
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