Multichoice

q1) If the zero-rate curve is downward sloping, then the forward-rate curve:

A) must be upward sloping.

B) must be downward sloping but below the zero-rate curve.

C) could be either downward sloping or upward sloping.

D) must be downward sloping but above the zero-rate curve.

E) must be downward sloping but could lie above or below the zero-rate curve.