Question: “How long should we wait to go to the bank if we are not needing money ASAP? In other words do you think it will start floating fairly quickly or will it take some time?” This will be a managed float, which means it can only change plus or minus 10% per day…When the rate changes it’ll come out somewhere around the $3.80 range. That’s my opinion. I don’t think it’s going to go over $4 until going into the 2025 budget period…I think it’s going to stay below $4 during our 90-day window to exchange. I wouldn’t worry about time waiting for it to float… Get it exchanged. Don’t wait for this to go up in value because I don’t think you’re going to have that opportunity or time frame.
