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The term structure of interest rates tells us what interest rate are on default-free, pure discount bonds of all maturities. O Average O Nominal O
The term structure of interest rates tells us what interest rate are on default-free, pure discount bonds of all maturities. O Average O Nominal O Expected O Future O Discount value: 1.13 points When short-term rates are higher than long-term rates, we say it is O Humped Downward sloping. O Upward sloping Short-sighted O Declining
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