Question: A normal yield curve that is upward sloping implies that: the returns on long - term securities are equal to the returns on short -
A normal yield curve that is upward sloping implies that:
the returns on longterm securities are equal to the returns on shortterm securities of similar risk.
the returns on bonds with higher maturity risks are lower than the returns on bonds with lower maturity
risks.
the returns on shortterm securities are lower than the returns on longterm securities of similar risk.
the returns on shortterm securities are higher than the returns on longterm securities of similar risk.
the returns on bonds with a lower default risks are higher than the returns on bonds with higher default
risks.
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