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The Indicative Net Entitlement Value for STRS due 12/17/09 represents the value of the Strategic Total Returns Securities (STRS) due December 17, 2009 Exchangeable for a Cash Amount Based on the CBOE S&P 500 BuyWrite Index, which is listed on the Amex under the symbol "MBS". The Indicative Net Entitlement Value for STRS due 12/17/09 was established with a base value of 9.88 at the close of trading on November 22, 2004.
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