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If the ask is ambiguous, Always do more than you think is necessary.
Flex - you are given time and should be thinking critically as an investor
PE guys love scenarios
Ask for clarification to avoid unnecessary work. Typically want to be able to flex to do upside / downside and also depends on how much work you want to put into it.
Flex for upside/downside and question the assumptions used, where appropriate, from the CIM. Investment bankers are sales people so you’re going to want to cut through some of the BS. Run YoY % changes for every line item you get and question anything that stands out
Can never hurt to go above and beyond. I know it can be frustrating and time consuming but it can only benefit you. Id probably plan to build various cases