Question: Using the local expectations theory, what would be the difference in the one-month total return if an investor purchased a five-year zero-coupon bond versus a

Using the local expectations theory, what would be the difference in the one-month total return if an investor purchased a five-year zero-coupon bond versus a two-year zero-coupon bond?

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According to the local expectations theory, what would be the difference in the onemonth total return if an investor purchased a five-year zero-coupon bond versus a twoyear zero-coupon bond?

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