In some time periods, there is evidence that corporations initially financed long$-$term

projects with short$-$term funds. They planned to borrow long$-$term funds once

interest rates were lower. This specifically supports the

for explaining the term

structure of interest rates.

a$)$ liquidity premium theory

b$)$ expectations theory

c$)$ segmented markets theory

d$)$ liquidity premium theory AND segmented markets theory