Part 1 | Attempt 1/2 for 10 pts. Which statements are INCORRECT? Check all that apply: A zero-coupon bond can be either a premium bond or a discount bond depending on its market price Term structure of interest rates can have many shapes, but usually stays flat The yield to maturity (YTM) for a premium bond is greater than its coupon rate Term structure of interest rates is humped when intermediate-term, default- free, pure discount bonds have a higher return than either the shorter-term or longer-term pure discount bonds Term structure of interest rates plots interest rates against maturities Submit