diff --git a/state.py b/state.py
index 54832d7..211187e 100644
--- a/state.py
+++ b/state.py
@@ -74,7 +74,7 @@ class StateManager:
         valbz_price = self.get_predicted_price("VALBZ")
         if valbz_price is not None:
             self.fair_values["VALBZ"] = valbz_price
-            self.fair_values["VALE"] = valbz_price - self.conversion_fee
+            self.fair_values["VALE"] = valbz_price
 
         bond_price = self.get_predicted_price("BOND")
         gs_price = self.get_predicted_price("GS")