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flat, what would this say about liquidity (term) premiums in the term structure? Would you be more or less willing to accept the expectations theory?...

If yield curves, on average, were flat, what would this say about liquidity (term) premiums in the term structure? Would you be more or less willing to accept the expectations theory?

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554132_BUS.docx

A yield curve is also known as term structure of interest rates. It is a
graph that plots the yields of similar quality bonds against their
maturities, ranging from shortest to longest. A flat...

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