"Let's look for Ferdinand. I must find him -- dead or alive."

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In this sentences, what is the role of "--" in the second sentence? would you paraphrase the second sentence?

The dash is to indicate a pause. A comma would work better and be more grammatical. In informal writing, the dash is often used, though.

The role of "--" in the second sentence is to indicate a pause or break in the statement. It is often used in writing or dialogue to create emphasis or dramatic effect.

Paraphrasing the second sentence: "I am determined to locate Ferdinand, whether he is deceased or still living."