The warrant agreements signed by Jim Lockhart and Hank Paulson define "fair value" as average closing price for prior 20 trading days. During that period Fannie traded in the $4.40 to $8.99 range. Freddie: $2.81 to $5.90.https://t.co/ggo0dLNcJmhttps://t.co/vXUhKCHnmJ