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An Investor Adopts the Strategy of Investing for One Year

Question 31

Multiple Choice

An investor adopts the strategy of investing for one year anUnder unbiased expectations theory, he must expect that


A) the one-year forward rate for years one to two will be above 9%.
B) the two-year spot rate is too high.
C) the inflation rate will drop more than the market expects.
D) the one-year forward rate for years one to two will be at least 7%.

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