Will these pref shares behave like normal shares or because they have a floating/fixed rate of interest will the price act different to the ANZ share price. If ANZ goes up will these go up the same or will their price be more dependant on interest rates here or overseas?
This is the information i was hoping to learn.
If anyone could put a link to a good web site with such info it wouyld be greatly appreciated.
new anz convertible preference shares, page-4
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