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To: SE who wrote (8918)11/23/1998 9:46:00 AM
From: Patrick Slevin  Respond to of 44573
 
He went over Fair Value and how it's derived.

I edited the post, before, to add this

cnbc.com

Also, CNBC goes into more detail here;

cnbc.com

EDIT One thing they keep saying that I disagree with is that if FV is this way or that then program trading will hit on the Open. This cannot occur because the Cash is not fully opened at the Open.