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3 . According to the expectations theory of the term structure, it is better to invest in one - year bonds, reinvested over two years,

3.According to the expectations theory of the term structure, it is better to invest in one-year bonds, reinvested over two years, than to invest in a two-year bond if interest rates on one-year bonds are expected to be the same in both years. Is this statement true, false, or uncertain?

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