Ldquoif bonds of different maturities are close substitutes
“If bonds of different maturities are close substitutes, their interest rates are more likely to move together.”
Is this statement true, false, or uncertain? Explain your answer.
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risk premiums on corporate bonds are usually anticyclical that is they decrease during business cycle expansions and
ldquoif bonds of different maturities are close substitutes their interest rates are more likely to move
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