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betterway betterway
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7 years ago
The liquidity preference theory suggests that for any given issuer, long-term interest rates tend to be higher than short-term rates due to the lower liquidity and higher responsiveness to general interest rate movements of longer-term securities; this causes the yield curve to be upward-sloping.
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Principles of Managerial Finance

Principles of Managerial Finance


Edition: 14th
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UlainUlain
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betterway Author
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7 years ago
Smart ... Thanks!
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