What that means for the tvm

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Reference no: EM133131503

Explain the following three things:

1) Especially recently (also in real terms), why has the European Central Bank ("ECB") AAA rated yield curve been negative for all maturities?

2) How is that compatible with textbook market efficiency?

3) What that means for the TVM?

Note: label each answer.

Reference no: EM133131503

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