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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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