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10 May, 10:42

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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  1. 10 May, 11:07
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    Amoreandrusamoreandrus
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