Hi all,I received this question from a fellow Fool and had no clue how to answer it. Would you like to take a look at it?The question follows;"...I used the Foolish calculator to verify that Wells Fargo beats US Bancorp preferreds on a yield to call basis. This is apparently due to the fact that the Wells Fargo preferred is currently priced below the call price and the US Bancorp preferred is above the call price. It appears that US Bancorp beats Wells Fargo on a cash to maturity basis. Calculations were completed using the Fool calculator which I like very much since it also includes a tax impact calculation. US Bancorp, due to its current price which is above par, will not return 7% according to the calculator, either on a yield to call or a yield to maturity basis. (Mathew, perhaps you could verify that the US Bancorp preferred will not currently return 7%--perhaps I used the calculator incorrectly.)..." (Sorry, I haven't figured out how to make italics on this message board.)The US Bancorp suggestion came from "7 Paying 7." I was trying to nicely ask if US Bancorp wasn't actually paying 7% after all if one purchases it now, or whether I was using the calculator incorrectly (which is probably more likely).tom
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