Question: Assuming the pure expectations theory is correct, an upward - sloping yield curve implies a . Interest rates are expected to increase in the future

Assuming the pure expectations theory is correct, an upward-sloping yield curve implies
a. Interest rates are expected to increase in the future
b. Longer-term bonds are riskier than short-term bonds
c. Interest rates are expected to decline in the future
KAPLAN)
Assuming the pure expectations theory is correct,

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