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Thursday, April 11, 2019 10:41:46 AM
This has given me food for thought, I appreciate the DD on your part.
I think you're thinking too complicated here. It's just a fact that Fannies profits have improved since the first Moelis plan. For example, the corporate tax reduction from 35% to 21% was included in the 2nd Moelis Plan.
It is obvious that the goodwill and therefore the value of the common stock will increase if you use the same calculation base as in plan one.
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