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Which of the following statements is NOT correct? A. When a yield curve moves over time, the new curve is parallel to the old one.
Which of the following statements is NOT correct?
A. | When a yield curve moves over time, the new curve is parallel to the old one. | |
B. | The yield curve represents the yields of financial instruments having the same characteristics except the residual maturity. | |
C. | The interest rates on a yield curve represent investments all starting at the same date but finishing at different dates. | |
D. | The yield curve is most often a positively-sloped curve. |
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