If the yield curve is upward sloping, which of the following statements is incorrect? (hint graph the yield curves for a T-bond, a AAA bond and a B bond)
Select one
a. The yield on the 5-year T-bond must be smaller than the yield on the 5-year AAA corporate bond b. The yield on the 10-year AAA corporate bond must be less than the yield on the 5-year T-bond
c. The yield on the 10 year T-bond must exceed the yield on a 2-year T-bond
d The yield on the 5-year AAA corporate bond must be smaller than the yield on 5-year B corporate bond
e. The yield on the 5-year T-bond must be smaller than the yield on the 10-year B corporate bond
