Which of the following statements could explain the behaviour of Investor B$?($Unless otherwise stated, assume that the interest rate on each bond is equal to the average

of $1-$year interest rates that Investor B expects will occur over the life of the bond.$)($Select all that apply.$)$

A$.$ Investor B is risk$-$neutral and therefore prefers assets with the greatest expected return, even when interest$-$rate risk on other assets is lower.

B$.$ Investor B expects average $1-$year interest rates over the next $5$ years to be greater than average $1-$year interest rates over the next $10$ years and $($holding everything

else equal$)$ does not have strong preferences for bonds of one maturity over bonds of another.

C$.$ The liquidity premium that Investor B would require would require in order to choose a $5-$year bond is equal to that for a $10-$year bond and is more than $2\%$ above that

for a $1-$year bond.

D$.$ Investor B expects average $1-$year interest rates over the next $5$ years to be less than average $1-$year interest rates over the next $10$ years and $($holding everything

else equal$)$ does not have strong preferences for bonds of one maturity over bonds of another.

E$.$ Investor B is very risk$-$averse and therefore strongly prefers assets with less interest$-$rate risk, even when expected returns on other assets are higher.

F$.$ The liquidity premium that Investor B would require would require in order to choose a $5-$year bond is equal to that for a $10-$year bond and is less than $2\%$ above that

for a $1-$year bond.