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If the yield curve is normal, what is the interest rate on a 1 0 - year T - bond relative to the interest rate
If the yield curve is normal, what is the interest rate on a year Tbond relative to the interest rate on a year Tbond? The rate on the year bond is more than the rate on the year bond The rate on the year bond is less than the rate on the year bond The rates on the two bonds are equal. It is impossible to tell without knowing the price of the bonds. None of the above
If the yield curve is normal, what is the interest rate on a year Tbond relative to the interest rate on a year Tbond?
The rate on the year bond is more than the rate on the year bond
The rate on the year bond is less than the rate on the year bond
The rates on the two bonds are equal.
It is impossible to tell without knowing the price of the bonds.
None of the above
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