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Which of the following statements regarding the different theories of the term structure of interest rates is least accurate? A. The market segmentation theory, pure expectations theory, preferred habitat theory, and liquidity preference theory are all consistent with any shape of the yield curve. B. An upward sloping yield curve can be consistent with the liquidity preference theory even with expectations of declining short term interest rates. C. The preferred habitat theory suggests that investors prefer to stay within a particular maturity range of the yield curve regardless of yields in other maturity ranges. |