According to the segmentation market theory of the term structures of interest rates, Select one...

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According to the segmentation market theory of the term structures of interest rates, Select one or more: a. long-term spot rates are higher than the average of current and expected future short-term rates. b. the term structure will most often be upward sloping. C. securities with different maturities are perfect substitutes. d. individual investors and financial institutions prefr certain maturities. IRs are determined by distinct supply and demand curves within a particular maturity segment. e

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