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38. If the current 1-year bond rate is i = 3%, the iet+1 = 3.5% and the i++2 = 4%. Then and we would have

38. If the current 1-year bond rate is i = 3%, the iet+1 = 3.5% and the i++2 = 4%. Then and we would have a _shaped yield curve. 3%; normal 3.5%; inverted 3.5%; normal a. b. c. d. 4%; normal

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