The Following Information Relates to Questions 49-57liz Tyo Is a Fund

Multiple Choice

The following information relates to Questions 49-57liz Tyo is a fund manager for an actively managed global fixed-income fund that buys bonds
issued in Countries A, b, and
-With respect to their discussion of yield curves, Tyo and her assistant are most likely dis- cussing which term structure theory?

A) Pure expectations theory
B) local expectations theory
C) liquidity preference theory