Submitted by PussyBreath007 t3_1264nxo in wallstreetbets
ggbadrt1 t1_je8fmb6 wrote
Reply to comment by diqster in $FRC - Puzzle Pieces by PussyBreath007
I’ll leave this here. Note that the 5% haircut assumed in this is pretty dramatic. Losses should be closer to 2% placing book value in the $50s.
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