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