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Pie
3 years ago
7

The implication of the expectations theory that expected returns for a holding period must be the same for bonds of different ma

turities depends on the assumption that________.
1. Yiels curves usually slope downward
2. Yiels curves usually slope downward
3. Instruments with different maturities are perfect subtitute
4. Savers are usually risk averse
Business
1 answer:
lutik1710 [3]3 years ago
5 0

Answer:

i think the answer is intruments with different matuirties are perfect subtitute. i'm not sure but i think this is the answer.

Explanation:

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