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If the forward curve is decreasing with maturity, then what must be true about the spot curve? 2-year spot rates will be the same as
If the forward curve is decreasing with maturity, then what must be true about the spot curve?
2-year spot rates will be the same as 5-year spot rates
2-year spot rates will be lower than 5-year spot rates
2-year spot rates will be higher than 5-year spot rates
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