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Originally Posted by SiRV

On this topic... what is the difference between:

Bank of America Corp. PRFD 'D': NYSE:BAC-D quotes & news - Google Finance
Bank of America Corp. PRFD 'E': NYSE:BAC-E quotes & news - Google Finance
Bank of America Corp. PRFD 'J': NYSE:BAC-J quotes & news - Google Finance

These are 3 types of preferred shares, each at different values.. is there any way I can look into them and see their return? How do preferred shares work?
All I THINK I know is that if/when a company defaults, bond holders and preferred share holders get their money back before the general stock holder population right?

you are right, but if a company is about to default, there may be little to go to pref. s/h after paying out creditors with preference to pref s/h

i'd also never suggest investing in things you aren't 100% knowledgeable about