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Which of the following is a drawback of the traditional yield spread? a) it fails to consider the term structure of interest rates b) none

Which of the following is a drawback of the traditional yield spread?

a) it fails to consider the term structure of interest rates

b) none of them are drawbacks

c) it assumes that interest rate volatility does not change

d) all of them are drawbacks

e) it calculated a spread that is too large

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