Seems plausible. It could also be a difference of “rounded up when any remainder is required to be floored.” That percentage is $0.01 on $1,000,000, so anything ~$500,000 or above would create an issue.
This might also explain the blanket $2, if this went out to a wide range of portfolios. $2 would cover anything up to a $200M value.
Seems plausible. It could also be a difference of “rounded up when any remainder is required to be floored.” That percentage is $0.01 on $1,000,000, so anything ~$500,000 or above would create an issue.
This might also explain the blanket $2, if this went out to a wide range of portfolios. $2 would cover anything up to a $200M value.
I’m floored by the whole thing ;-)