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Hmmm. Fixed-income securities that sell for $25/share are usually preferred stocks. I'll grant you, the difference has become blurred in recent years.

Usually. But not always. These have face value of $25 but currently trade below that level. We discussed the ones that I own here previously (a few years ago). They've performed reasonably well for me, and I've also traded them over the years as they've gone up and down. If you are interested, their symbols are ISM and OSM. They are CPI-linked bonds issued by SLM Corp (the former Sallie Mae) and have a monthly coupon.
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