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Friday, February 14, 2020 4:03:59 PM
you are partially correct that if the offer is not attractive enough, they won’t accept. and it’s not gonna happen unless 2/3 of each series owners accept
and lastly, the high coupon fannie S, T and freddie Z can all be called/redeemed at par by 2021 i think,. all of the remaining can be redeemed at par now
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