Question 11 1 Point The segmented markets theory is an alternative to the expectations theory. Which of the following is the most accurate summary of the basis for the segmented markets theory? A As investors, banks have a preference for short-term securities. B Life offices and superannuation funds prefer to invest in long-term securities. Investors' preferences for different segments of the market are based on risk management rather than profit maximisation D Securities in different maturity ranges are perfect substitutes for one another. Question 12 1 Point The following yields on Commonwealth Government securities were observed on the same date: Term to maturity: yield (per cent per annum): three months: 5.65; six months: 5.80; one year: 5.95; two years: 6.15; three years: 6.25; five years: 6,18; 10 years: 6.07; What type of yield curve is indicated by the above data set? A humped yield curve Busual yield curve inverse yield curve