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3. The table below illustrates exposures for scenarios involving two trades: What is the netting factor? MTM Trade 1 Trade 2 Scenario 1 25

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3. The table below illustrates exposures for scenarios involving two trades: What is the netting factor? MTM Trade 1 Trade 2 Scenario 1 25 20 Scenario 2 15 10 Scenario 3 10 -5 Scenario 4 5 5 Scenario 5 -5 -15

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