Briefly explain why bonds of different maturities have different yields in terms of the expectations and liquidity

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Briefly explain why bonds of different maturities have different yields in terms of the expectations and liquidity preference hypotheses. Briefly describe the implications of each hypothesis when the yield curve is
(1) Upward-sloping and
(2) Downward-sloping.

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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