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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

"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 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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