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QUESTION 5 Not yet answered Marked out of 4.0 Flag question According to the market segmentation theory: A. Securities with different maturities are perfect substitutes. B. Individual investors and financial institutions have specific maturity preferences, and to get them to hold securities with maturities other than their most preferred requires a higher interest rate. C. Investors and borrowers are generally willing to shift from one maturity sector to another without adequate compensation. D. Long-term interest rates are geometric averages of current and expected future short-term interest rates plus liquidity risk premiums that increase with maturity