2 Does your answer to (1) explain why long-dated bonds often have higher yields than short-dated ones?
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2 Does your answer to (1) explain why long-dated bonds often have higher yields than short-dated ones? If not, what alternative explanation can you offer?
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Related Book For 
The Economics Of Money Banking And Finance
ISBN: 9780273710394
4th Edition
Authors: Peter Howells, Keith Bain
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