You are considering an investment over a six-month horizon. You can either invest in (I) a one-year zero coupon bond now, and sell it after six-months at the then prevailing price (ride the yield curve), or (II) buy a six-month zero coupon bond.

	A.	The first strategy would have a lower expected return under the expectations hypothesis
	B.	The first strategy would have a higher expected return under the expectations hypothesis
	C.	The first strategy would have a lower expected return under the liquidity premium hypothesis
	D.	The two strategies would have the same expected return under the Efficient Market hypothesis
	E.	The first strategy would have a higher expected return under the liquidity premium hypothesis