Suppose you are a newly employed investment banker and you


Question: Suppose you are a newly employed investment banker and you find that your bank got stuck in a deal where it has to deliver a bond to close a short future position. The bond has just gone "special" and you do not own it yet. What strategy do you suggest to address this situation and avoid a heavy penalty in case of failure to deliver?

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Finance Basics: Suppose you are a newly employed investment banker and you
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