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Forward interest rates: a . accurately predict future spot rates because of the law of one price . b . tend to be biased downward

Forward interest rates: a. accurately predict future spot rates because of the law of one price . b. tend to be biased downward as predictors of future spot rates when the yield curve is upward sloping c. tend not to be good predictors of future spot rates. d. tend to be biased upward as predictors of future spot rates when the yield curve is downward sloping
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