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Question 4 (6 marks) a) Explain the disadvantages of entering a swap agreement without swap bank/swap dealer. (3 marks) b) What is the difference between

Question 4 (6 marks)

a) Explain the disadvantages of entering a swap agreement without swap bank/swap dealer. (3 marks)

b) What is the difference between loan sales with recourse and without recourse? How does it affect sellers and buyers of loan sales? (3 marks)

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