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EFTA02602685

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From: Paul Barrett < Sent: Wednesday, August 8, 2018 7:46 PM To: Jeffrey E. Cc: Richard Kahn Subject: Wamu Mortgage Bond Jeffrey > Best bid on the non-agency WAMU mortgage bond is $87=00 (value of $409K). Statement had a July 31st value of $92.00 =value of $442K). Statement values are often off on non-agency paper.=o:p> We paid $77 for it back in 2013. <1=> An $87 bid implies a 5.50% yield with a 4.5yr durati=n. We can find something else to replace it. Total return since inception =s 20% (3.90% annualized). Next best bid from JPM was in the 60s. I did try and=counter at $90 but no interest. Let me know if the $87 level works. Paul Original Cost = $647,967 Interim Cashflows = $366,033 Unwind Value = $409,795 Total gain = $127,861 1 EFTA_R1_01791229 EFTA02602685

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