Question $16(1\mathrm{.}5$ points$)$

The one$-$year spot rate is $\backslash (3\backslash \%\backslash ),$ and the market expects next year's one$-$year spot rate to be $\backslash (3\backslash \%\backslash )$ as well. Assume that the maturity preference theory holds. What is the shape of the yield curve?flatupward slopingquadratic sloping.cyclical slopingdownward slopin $9$ of $24$ queritions surved