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1. Covered interest arbitrage relates to program trading and the need to cover the interest on funds borrowed. True False 2. If the invoice price

1. Covered interest arbitrage relates to program trading and the need to cover the interest on funds borrowed.

True

False

2. If the invoice price of bond A is 122, the invoice price of bond B is 95, the adjusted spot price of bond A is 127 and the adjusted spot price of bond B is 97, the better bond to deliver is bond B.

True

False

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