Chapter 1 - What is Economics About - Chiang Mai University
( Figure 1 - Long-Term Bond Yields, 1919-99 ... a factor that has the same effect on municipal bond demand as an increase in their E(RET) municipal bond ( municipal bond. ... it = today's interest rate on one period bond. iet+1 = interest rate on a one period bond. expected for the next period. iet+(n-1) = interest rate on a one period bond ... ................
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