Investors who bought shares of Bank of America (NYSE:BAC) during the past several years have been handsomely rewarded thus far, but is buying the bank's seldom discussed TARP warrants (NYSE:BAC-AW) (NYSE:BAC-BW) the better bet? Issued as part of the TARP program in late 2008 and early 2009, the warrants give the investor the right to buy Bank of America at a set price in the future.

In this segment of The Motley Fool's financials-focused show, Where the Money Is, banking analyst David Hanson takes a question from the mailbag about the Bank of America TARP warrants, how dividends impact the price, and which class of warrants he would buy.