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If discount factors are decreasing as a function of maturity, which of the following is definitely true? A. zero rates are decreasing as a function

If discount factors are decreasing as a function of maturity, which of the following is definitely true?

A. zero rates are decreasing as a function of maturity

B. the no-arbitrage condition is violated

C. None of the other answers are correct.

D. zero rates are increasing as a function of maturity

E. forward rates are positive

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