Question: Since yield curves are usually upward sloping, the ________ indicates that, on average, people tend to prefer holding short-term bonds to long-term bonds. market segmentation

  1. Since yield curves are usually upward sloping, the ________ indicates that, on average, people tend to prefer holding short-term bonds to long-term bonds.

    market segmentation theory.

    expectations theory.

    liquidity premium theory.

    both A and B of the above.

    both A and C of the above.

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