Question: Moving to another question will save this response. Question 16 According to the unbiased expectation theory O markets are segmented and buyers stay in their

Moving to another question will save this response. Question 16 According to the unbiased expectation theory O markets are segmented and buyers stay in their own segment the long term spot rate is a geometric average of the current and expected future short term interest rates the term structure will most often be upward sloping liquidity premiums are negative and time varying

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