Calculating the value of preferred stock involves using a formula that factors in the fixed ... callable preferred shares can be bought back at a fixed price by the issuing company.

Thus, for it to be profitable to convert the shares, the common stock would need to be trading ten times higher than the preferred. Based on the $90 price, Strategy shares would need to trade at $ ...

In trading on Monday, shares of US Bancorp's Fixed/Floating Dep Shares Non-Cumul Perp Preferred Stock, A (Symbol: USB.PRA) were yielding above the 7% mark based on its quarterly dividend ...