Which of the following statements is false?Given the spot interest rates we can determine the price and yieldof any other default-free bond.As the coupon increases earlier cash flows become relatively lessimportant than later cash flows in the calculation of the presentvalue.When the yield curve is flat all zero-coupon andcoupon-paying bonds will have the same yield independent of theirmaturities and coupon rates.When U.S. bond traders refer to the yield curve they are oftenreferring to the coupon-paying Treasury yield curve.
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