The Yield-To-Maturities on Treasury Issues Do Not Give a Direct

question 18

Multiple Choice

The yield-to-maturities on treasury issues do not give a direct reading of future spot rates as

• A) not enough years of maturities are available.
• B) there is no default risk measured.
• C) most have coupon rates.
• D) the treasury market is not large enough to draw conclusions.

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