For example they buy at 100 an empty house and they sell after 5 years at 150, like the stock exchange.
VOA: standard.2009.10.27
Neither do the dealers determine the term structure; the dealers have to buy and sell at prices that are in the market.
中间商也不能决定,中间商只能按照市场价进行交易
耶鲁公开课 - 金融市场课程节选
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