Question: Empirically, forward rates ____________ future short rates because ____________ A) are equal to; they are both extracted from yields to maturity B) differ from; they
Empirically, forward rates ____________ future short rates because ____________
A) are equal to; they are both extracted from yields to maturity B) differ from; they are imperfect forecasts C) are equal to; they are perfect forecasts D) differ from; the expectation hypothesis holds E) are equal to; although they are estimated from different sources they both are used by traders to make purchase decisions
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