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IMO, where they would get you on this model would be the calculation of "d". Since "d" is based on the reliance/quality fo the LTEG, I can see them being sneaky about what it is.

IE: Saying something along the lines of, while we currently have faith in our earnings estimates for the current quarter, GOING FORWARD, we have little faith in our estimates due to changing....

My 2 cents.

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