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Massive black hole binary systems are among the most interesting sources forthe Laser Interferometer Space Antenna (LISA); gravitational radiation emittedduring the last year of in-spiral could be detectable with a very largesignal-to-noise ratio for sources at cosmological distance. Here we discuss theimpact of LISA for astronomy and cosmology; we review our present understandingof the relevant issues, and highlight open problems that deserve furtherinvestigations.Comment: 10 pages, 2 figures, Third Amaldi Conference on Gravitational Wave

Deep surveys of massive black holes with LISA