Business, 14.07.2020 01:01 00109625

The implication of the expectations theory that expected returns for a holding period must be the same for bonds of different maturities depends on the assumption that. 1. Yiels curves usually slope downward
2. Yiels curves usually slope downward
3. Instruments with different maturities are perfect subtitute
4. Savers are usually risk averse

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