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Ford: Convertible Trust Not Preferred

Aside from the way F and yoked to it F-PS have performed since this "run as fast as you can away" opinion piece was posted, it's worth noting that the premium above the straight conversion rate continues to increase. Today, it was 11.4%, a steadily rising number that turned positive on 3/23. This premium is what speculators are willing to pay for the possible future reinstatement of deferred dividends, an outcome that seems less unlikely each day.