The Expectations Theory Ignores Several Factors Including the Idea That

The expectations theory ignores several factors including the idea that:

A) investors may have a preference for investing in longer-term bonds due to the added risk they offer over shorter-term bonds.
B) investors may have a preference for investing in shorter-term bonds due to the added risk offered by longer-term bonds.
C) some investors such as pension funds have a desire to match the maturity of their liabilities.
D) All of the above
E) both (b) and (c)