Hi, I came across Bombardier Pref Shares Series 3 (BBD.pr.d on TSX) which is trading at 14.75 which is way below their 25 call price (Aug 2017) and would have a projected yield of 6.6% this year.I don't understand why they would trade so low compared to their call price. The credit rating for Bombardier is BB and is certainly not a business that would go out of business soon. If their shares are called back on Aug 2017 then that would represent a 70% gain. I understand that they can extend another 5 years and the price could linger below 25$ but I would only assume that they would at least appreciate close to their call price in the next few years.I never traded preferred shares before so perhaps I am missing some important details... Any help is appreciatedThanks,Pascal
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