《投资学-杨海珍》investment-ch6-1.pptVIP

* * Question: If the expectation hypothesis is valid, what can we conclude about the premiums necessary to induce investors to hold bonds of different maturities from their investment horizons? * * the short interest rate , the yield to maturity, spot rate, yield curve, forward rate The interest rate for a given time interval is called the short interest rate for that period. Suppose that all Participants in the bond market are convinced that the short rates for the next 4 years will follow the pattern as following: * * the short interest rate , the yield to maturity, spot rate, yield curv