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Finance & Markets

Redwood Trust's Series A Preferred Stock Yield Pushes Past 14%

In trading on Wednesday, shares of Redwood Trust Inc's SeriesA Reset Rate Cumulative Redeemable Preferred Stock (Symbol: RWT.PRA) were yielding above the 14% mark based on its quarterly dividend (annualized to $2.50), with shares changing hands as low as $17.62 on the day. Th

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