Bank of America's Preferred Stock, Series L Shares Cross 6% Yield Mark

In trading on Thursday, shares of Bank of America Corp's 7.25% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (Symbol: BAC.PRL) were yielding above the 6% mark based on its quarterly dividend (annualized to $72.50), with shares changing hands as low as $1187.18 o