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Opinions Paul Gardner, CFA
Canadian Imperial Bank of Commerce (Pref C)CM.PR.C.TOCOMMENTJul 19, 2007
5.75% yield versus CIBC shares with a 3% dividend. Preferred is safer with a nice return, but the corporate bond market is starting to compete with preferreds and the spreads are starting to move out. You might be better in the corporate bond market.
Paul Gardner, CFAUnknown
$25.95
Stock price when the opinion was issued
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