When the spot curve is downward sloping, a later initiation date results in a forward curve that
Question:
When the spot curve is downward sloping, a later initiation date results in a forward
curve that is:
A. Closer to the spot curve.
B. A greater distance above the spot curve.
C. A greater distance below the spot curve.
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C is correct This answer follows from the forward rate mode...View the full answer
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