I feel like more than one answer is true here. Any insight is appreciated. Thank you!

Which of the following statements is correct?

The probability of default is higher on short-term bonds than on long-term bonds.

Reinvestment rate risk is lower, other things held constant, on long-term than on short-term bonds.

According to the market segmentation theory, the yield curve is expected to slope downward.

Borrowers prefer to borrow on a short-term basis, as a result, the yield curve is downward sloping.

If the inflation is expected to decrease in the future, then the yield curve should have an upward slope.