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12. Which of the following are true about the yield curve? A. It is flat 90% of the time B. It is inverted 90% of

12. Which of the following are true about the yield curve?

A. It is flat 90% of the time

B. It is inverted 90% of the time

C. It only includes tax-exempt securities

D. It can include bonds of varying default risk

E. None of the above

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