Question: Answer the following questions in complete sentences using proper grammar and spelling. These are not short answer questions. 1. Name and describe the 4 investment-grade

Answer the following questions in complete sentences using proper grammar and spelling. These are not short answer questions.

1. Name and describe the 4 investment-grade bond rating categories.

2. Briefly explain the expectations hypothesis of the term structure of interest rates.

3. Briefly explain the liquidity premium theory of the term structure of interest rates.

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