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Warren Buffett Won't Abandon Bank of America
2013-09-24 00:04:00| Paper - Topix.net
In exchange for a $5 billion investment, which would serve as a vote of confidence in the nation's second largest lender, Berkshire Hathaway Inc. received preferred stock that paid a 6% annual dividend and warrants for 700 million shares of common stock with an exercise price of $7.14 a share, the market price at the time.
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