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1.The equilibrium term structure model has all but which of the following characteristics: A. It can be a one-factor model B. It can be a

1.The equilibrium term structure model has all but which of the following characteristics:

A. It can be a one-factor model B. It can be a multi-factor model C. It makes assumptions about the behaviors of factors in the model D. It is more elaborate than an arb-free structure model

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