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