replace represenation of certain characters with a string of characters?

I couldn't figure out a way to phrase my question but I'm not asking about
replacing patterns or anything.
I'd like to know if it's possible in vim to ( visually ) show any certain
character as something else. e.g. while editing a text file any occurrence
of the character '?' would just /look/ like '<>' but is still the character
'?' and nothing is different except what you see. I'm asking because I
figured this is impossible but maybe someone out there knows something I
don't?



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