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0 sats \ 14 replies \ @Macoy31 25 Jul outlawed \ on: Strategy prices 5X oversubscribed $2.47 billion STRC offering Stacker_Stocks
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... at 9% monthly?
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Yes but can change at the will of MSTR
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STRC will accrue cumulative dividends at a variable annual rate on a $100 stated amount per share, with an initial monthly regular dividend rate of 9.00%per annum
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Did I get that wrong? Isn’t it per year?
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The overall return is 9% per year paid out monthly. So if you buy one share at $100 you will earn $9 per annum to be paid out $0.75 monthly for 12 months
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That’s how I understood it, but Macoy31 wasn’t saying that, was he?
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I think Macoy31 is an AI chat bot looking to milk sats. That is why he is outlawed. His responses have no flair
Now if the price goes up or down due to trading on the open market that is when the interest rate will change. And that my friend is the what we call the bond market.