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According to the expectations theory of the term structure, A) the interest rate on long-term bonds will exceed the average of expected future short-term interest
According to the expectations theory of the term structure,
A) the interest rate on long-term bonds will exceed the average of expected future short-term interest rates.
B) interest rates on bonds of different maturities move together over time.
C) buyers of bonds prefer short-term to long-term bonds.
D) all of the above.
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