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Business, 31.07.2019 11:00 Toni1816

If the expected path of interest rates on one-year bonds over the next five years is 2%, 4%, 3%, 2%, and 1%, the expectations theory predicts that the bond with the lowest interest rate (yield-to-maturity) today is the one with a maturity of

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If the expected path of interest rates on one-year bonds over the next five years is 2%, 4%, 3%, 2%,...
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