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求助Fixed income原版书54第27题

Bonds financed by repurchase agreement have less liquidity risk than bonds held as part of a "buy-and-hold" strategy.

答案认为这句话是错误的,因为repurchase agreement expose investors to liquidity risk as the collateral used in the repo is marked-to-market periodically. "buy-and-hold" strategy是什么意思呢? 为什么这句话错了呢?不理解……

求助老师!

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