2024年12月25日 星期三 新京报
Stretch’s yield is reset monthly to encourage the security to trade around its $100 par value. But the $100 level isn’t guaranteed — if the company lowers the yield or demand weakens, the market price can fall below par and investors could face losses if they sell. Last month, the securities fell as low as $93.67. The stock rose 14% on Monday.
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Four years later, a second group of developers, encouraged by the success of Providence Place, set their sights on Townsend’s neighborhood. He lived in a historic mill district with several other artists in a building called Fort Thunder.
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