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13. If the instantaneous forward rate is equal to the spot rate, then which of...

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13. If the instantaneous forward rate is equal to the spot rate, then which of the following statements is true: a. The derivative of the spot yield curve is positive. b. The derivative of the spot yield curve is 0. c. The derivative of the spot yield curve is negative. d. The derivative of the forward curve is 0 e. None of the above

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