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At 7:58 AM -0500 7/10/99, Kevin wrote:
>is a good explanation Carroll. The Wildcard is that each institution
>doing the arbitrage will have a different internal cost of funds and
>therefore a different "fair value" figure.
There can also be differences in how you figure the dividends of the
S&P stocks so this can lead to different "fair value" figures.
Bob Fulks
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