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1) The YTM of 1-year and 2-year zero bonds are 8% and 10%. The forward rate in the second year is . 2) The liquidity
1) The YTM of 1-year and 2-year zero bonds are 8% and 10%. The forward rate in the second year is .
2) The liquidity premium is negative, under liquidity preference theory True/False
3) The slope of yield curve is always positive. True/False
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