Under the expectations theory, long rates must be an average of the present and future shortterm rates.
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Under the expectations theory, long rates must be an average of the present and future short‐term rates. Explain.
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The expectations theory assumes that the longterm rate is an average of the current shor...View the full answer
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Related Book For 
Investments Analysis And Management
ISBN: 9781118975589
13th Edition
Authors: Charles P. Jones, Gerald R. Jensen
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