{"id":385,"date":"2006-12-12T23:07:33","date_gmt":"2006-12-13T03:07:33","guid":{"rendered":"http:\/\/www.prefblog.com\/?p=385"},"modified":"2006-12-12T23:07:33","modified_gmt":"2006-12-13T03:07:33","slug":"powprb-current-call-so-what","status":"publish","type":"post","link":"https:\/\/prefblog.com\/?p=385","title":{"rendered":"POW.PR.B : Current call, so what?"},"content":{"rendered":"

The yield-to-worst on POW.PR.B is now negative. It closed today at 26.46-65, but it is currently callable at $26.00:<\/p>\n

\n\n\n\n\n\n\n\n
POW.PR.B Embedded Options<\/a><\/td>\n<\/tr>\n
Redemption<\/td>\n2006-11-28<\/td>\n2007-11-27<\/td>\n26.000000<\/td>\n<\/tr>\n
Redemption<\/td>\n2007-11-28<\/td>\n2008-11-27<\/td>\n25.750000<\/td>\n<\/tr>\n
Redemption<\/td>\n2008-11-28<\/td>\n2009-11-27<\/td>\n25.500000<\/td>\n<\/tr>\n
Redemption<\/td>\n2009-11-28<\/td>\n2010-11-27<\/td>\n25.250000<\/td>\n<\/tr>\n
Redemption<\/td>\n2010-11-28<\/td>\nINFINITE DATE<\/td>\n25.000000<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

This gives rise to:\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n
POW.PR.B optionCalculationList<\/a><\/td>\n<\/tr>\n
Call<\/td>\n2007-01-11<\/td>\nYTM: -6.26 %<\/td>\n[Restricted: -0.51 %]<\/td>\n(Prob: 35.43 %)<\/td>\n<\/tr>\n
Call<\/td>\n2007-04-11<\/td>\nYTM: 2.20 %<\/td>\n[Restricted: 0.72 %]<\/td>\n(Prob: 5.03 %)<\/td>\n<\/tr>\n
Call<\/td>\n2007-12-28<\/td>\nYTM: 3.32 %<\/td>\n[Restricted: 3.32 %]<\/td>\n(Prob: 7.25 %)<\/td>\n<\/tr>\n
Call<\/td>\n2008-12-28<\/td>\nYTM: 3.76 %<\/td>\n[Restricted: 3.76 %]<\/td>\n(Prob: 3.72 %)<\/td>\n<\/tr>\n
Call<\/td>\n2009-12-28<\/td>\nYTM: 3.93 %<\/td>\n[Restricted: 3.93 %]<\/td>\n(Prob: 2.86 %)<\/td>\n<\/tr>\n
Call<\/td>\n2010-12-28<\/td>\nYTM: 4.03 %<\/td>\n[Restricted: 4.03 %]<\/td>\n(Prob: 2.57 %)<\/td>\n<\/tr>\n
Option Certainty<\/td>\n2035-01-21<\/td>\nYTM: 5.05 %<\/td>\n[Restricted: 5.05 %]<\/td>\n(Prob: 43.13 %)<\/td>\n<\/tr>\n<\/table>\n<\/div>\n

\u00a0<\/p>\n

I’ve uploaded some graphs:<\/p>\n