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Fair value is a function of the current Libor interest rate and the expected
dividends for the S&P index over the life of the contract, so there is no
particular number which is typical of the rollover date. Interest rates
right now are very low.
C. Slemaker
----- Original Message -----
From: "Patrick Wahl" <pwahl@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Wednesday, September 19, 2001 11:55 AM
Subject: Fair Value Question
> Isn't fair value at roll over time typically about 10 or 11 points above
> the cash value? I notice that the current FV is about 5.6 points,
> seems awfully low already. Has something changed?
>
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