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Explain how Repo 105 worked by showing the effect of a 50 billion repo 105 transaction. Where does the name come from? Why would Lehman
Explain how Repo 105 worked by showing the effect of a 50 billion repo 105 transaction. Where does the name come from? Why would Lehman have an incentive to undertake the transaction? What is the most compelling reason as to why Lehman should have disclosed its use of Repo 105 to investors
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