What is the relationship between forward rates and the markets expectation of future short rates? Explain in

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What is the relationship between forward rates and the market’s expectation of future short rates?

Explain in the context of both the expectations hypothesis and the liquidity preference theory of the term structure of interest rates. P-639

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ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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