Which of the following statements regarding the traditional theories of the term structure of interest rates is most accurate? The segmented markets theory proposes that market participants have strong preferences for specific maturities. The liquidity preference theory hypothesizes that the yield curve must always be upward-sloping. The preferred habitat theory states that yields at different maturities are determined independently of each other.

Which of the following statements regarding the traditional theories of the term structure of interest rates is most accurate? The segmented markets theory proposes that market participants have strong preferences for specific maturities. The liquidity preference theory hypothesizes that the yield curve must always be upward-sloping. The preferred habitat theory states that yields at different maturities are determined independently of each other