The theory of the Expectations must explain one of the following facts

	A.	Buyers of bonds do not prefer bonds of one maturity over another; they will not hold any quantity of a bond if its expected return is less than that of another bond with a different maturity.
	B.	Yield curves almost always slope upward.
	C.	In an efficient market, all unexploited profit opportunities will be eliminated
	D.	Inverted: long-term rates are below short-term rates