Answer:
c. The maturity risk premium is zero.
Explanation:
Pure expectation theory states that the forward rate will represent expected future rate. Term structure is said to be a reflection of what the market expects future short term rates to be.
As future rates are expected to be the same as spot rates for that date, the theory is only applicable when there is no risk premium. That is the maturity risk premium is zero.
Answer:
If you mean the largest continents it would be Asia
Explanation:
Asia is the largest continent/land mass in the world.
Answer:
It is a right so yes, unless they are mentally ill such as a pyschopath
Explanation:
Answer:
The correct answer is letter A. My friend, Greg, likes to bake cookies for the people in the office.
Explanation:
What we have in this sentence is an appositive, a word or phrase immediately following and renaming another word or phase. Our appositive here is "Greg", which is renaming the noun "friend". Since "Greg" is only giving additional but not essential information, it could easily be removed from the sentence. Notice how the sentence would still make sense: " My friend likes to bake cookies for the people in the office." Since this appositive is not a restrictive one, it should be framed by commas. That is why the best option is letter A.