QUESTION 4 Consider the liquidity preference theory of the term structure of interest rates. On average, one would expect investors to require A. a higher yield on short-term bonds than on long-term bonds B. a higher yield on long-term bonds than on short-term bonds A. B. C. the same yield on both short-term bonds and long-term bonds A. C. D. none of these options (The liquidity preference theory cannot be used to make any of the other statements.)