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Briefly describe the major theories of term structure. Explain why economists use these concepts in valuation of securities. Do you think one theory is used

Briefly describe the major theories of term structure. Explain why economists use these concepts in valuation of securities. Do you think one theory is used more than the others? Why?

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The term structure of interest rates also known as the yield curve is a graphical representation that illustrates the relationship between interest ra... blur-text-image

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