16. Term Structure Theory (LO3, CFA3) The concepts of spot and forward rates are most closely associated

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16. Term Structure Theory (LO3, CFA3) The concepts of spot and forward rates are most closely associated with which one of the following explanations of the term structure of interest rates?

a. Expectations hypothesis

b. Liquidity premium theory

c. Preferred habitat hypothesis

d. Segmented market theory

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