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5. Answer the following questions [Maximum word count = 600 words]: i. Present and explain the mechanics of the repo market. ii. Describe repo specialness
5. Answer the following questions [Maximum word count = 600 words]: i. Present and explain the mechanics of the repo market. ii. Describe repo specialness and explain why it is considered as a form of convenience yield. iii. Discuss why traders and risk managers are interested in the repo market. (25 marks)
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