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【单选题】
The ________ of the term structure of interest rates states that the interest rate on a long-term bond will equal the average of short-term interest rates that individuals expect to occur over the life of the long-term bond, and investors have no preference for short-term bonds relative to long-term bonds.A.
segmented markets theory
B.
expectations theory
C.
liquidity premium theory
D.
separable markets theory
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