These Bank of America Warrants Are Finally Worth Something

It seemed so unlikely a few years ago that investors weren’t willing to bet a dime on it. But on Friday, Bank of America’s stock price reached $30.79.

That was the price Bank of America’s stock needed to hit for some esoteric securities to have any value. These securities, known as Bank of America TARP “B” warrants, had been bought by a varied group of investors ranging from hedge-fund managers like John Paulson to the Michigan Department of Treasury.

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