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It has slightly higher yield than PMT B; but once it becomes callable and the fixed to floating clause is in effect, PMT B yield becomes greater, because it will have Fixed LIBOR + spread of 5.99% in comparison to PMT A's Fixed LIBOR + spread of 5.831%. PMT B becomes callable just three months after PMT B, so with all of these factors in mind, we expect them to be trading very close to each other. Still, bear in mind that PMT B has more shares issued which may result in a liquidity difference.
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