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2. a) What is the TED Spread? [8 marks] b) Describe what happened with the TED spread after the Lehman's bankruptcy on September 15, 2008.
2. a) What is the TED Spread? [8 marks] b) Describe what happened with the TED spread after the Lehman's bankruptcy on September 15, 2008. [6 marks] c) As a consequence, what are the impacts for low-credit rating firms? [6 marks] [Total: 20 marks]
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