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Which statement about the term structure of interest rates is not correct? A. plots spot rates as a function of maturities B. usually is upward
Which statement about the term structure of interest rates is not correct?
A. plots spot rates as a function of maturities
B. usually is upward sloping, but can take many shapes from time to time
C. is humped when intermediate term pure discount bonds have a lower return than either the shorter term or longer term bonds
D. is flat if all spot rates are the same
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