Cash backing is closer to 48c and if we assume another 5m for the last few insurers then that 48.5c
Now let's remember at this IO prices they will not only be making a bit on IH but will be making a very good margin on KI
If IO increases a bit more ( 67-70) , 50c is very possible within weeks but 40-43c is almost certain
Cash backing is closer to 48c and if we assume another 5m for...
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