#finance #steiner-mastering-financial-calculations-3ed
If I wish to borrow money for 3 months, the interest rate is likely to be different - possibly higher and possibly lower - from what the rate would be if I wished instead to borrow for 6 months. The "yield curve" is a graph showing how interest rates vary with term to maturity.
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piotr.wasik - (no access) - Mastering Financial Calculations 3ed (Steiner), p89
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