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Re: Ace Trader post# 777865

Thursday, 12/14/2023 4:59:27 PM

Thursday, December 14, 2023 4:59:27 PM

Post# of 802960
FNMAS is 2.42/25 = 9.6% of PAR. FNMAO is priced at 7% of PAR.

The liquidity discount for owning the extraordinarily low volume traded FNMAO is 27% versus the higher traded FNMAS.