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The yield curve in 2009 was very low, with short-term rates close to zero and long-term rates below 5 percent. What factors contributed to such

The yield curve in 2009 was very low, with short-term rates close to zero and long-term rates below 5 percent. What factors contributed to such low interest rates?

Please refer to table below for the following question.

Jones Company

Financial Information

December 2009

December 2010

Net Income

$2,000

$4,000

Accounts receivable

750

950

Accumulated depreciation

1,000

1,500

Common stock

4,500

5000

Paid-in capital

7,500

8500

Retained earnings

1,500

3,500

Accounts payable

750

750

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