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38. What is the shape of the yield curve given in the following term structure? What expectations are investors likely to have about future interest
38. What is the shape of the yield curve given in the following term structure? What expectations are investors likely to have about future interest rates? Term (in years) 2 3 5 7 10 20 Rate (EAR, %) 1.99 2.41 2.74 3.32 3.76 4.13 4.93
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