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With respect to the term structure of interest rate, explain the following: a. Explain the expectations theory. [2 Marks] b. Explain the market segmentation theory.

With respect to the term structure of interest rate, explain the following: a. Explain the expectations theory. [2 Marks] b. Explain the market segmentation theory. [2 Marks] c. Explain the liquidity premium theory. [2 Marks]

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