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| Unbundled Stock Units (USUs) |
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Unbundled Stock Units (USUs)
A proposed division of common stock returns into three components: a 30-year bond with a yield equal to the stock's current dividend, a preferred issue that would pay dividends equal to any increase in the common stock dividend, and a 30-year warrant on the common. This proposed structure encountered investor disinterest and regulatory opposition.
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Glossary *
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