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The segmented markets theory of term structure: Select one: a. has difficulty explaining why yield curves are usually upward-sloping. b. has difficulty explaining why yield
The segmented markets theory of term structure: Select one: a. has difficulty explaining why yield curves are usually upward-sloping. b. has difficulty explaining why yield curves are usually downward-sloping. c. ignores the existence of market participants who seek to take advantage of price differences. d. provides a good explanation of why yields on bonds of varying maturities tend to move together.
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