Back to Assignment Attempts Average / 1 7. Segmented markets theory Which of the following are characteristics of the segmented markets theory? Check all that apply. The segmented markets theory is the sole explanation for the yield curves shape and slope: Investors and borrowers make decisions about which securities best fit their forecasted cash flow needs. Some investors and borrowers have the flexibility to choose among various maturity markets. The choice of long-term versus short-term maturities is determined by an investor's expectation of future interest rates, rather than by their financial needs Grade It Now Save & Continue Continue without saving