In the statement, "The penalty for spending before earning is the interest rate from the point of view of the creditor.", changing "creditor" to "borrower" would result in the statement being True.

In the statement, "The Fisher Effect illustrates the inverse relationship between inflation and nominal interest rates.", changing "inverse" to "positive" would result in the statement being True.

In the statement, "Ceteris paribus, as the frequency of compounding increases, the APR will exceed the EAR by greater and greater amounts.", changing "increases" to "decreases" and switching "APR" and "EAR" would result in the statement being True.

In the statement, "The periodic rate will always be greater than the APR.", changing "periodic rate" to "EAR" would result in the statement being True.

In the statement, "We can find the nominal interest rate by subtracting the default and maturity premiums from the sum of the real rate and inflation.", changing "subtracting" to "dividing" would result in the statement being True.

In the statement, "In the period 1950 1999 changes in the real rate were the main factor causing nominal interest rates to change.", changing "real rate" to "inflation premium" would result in the statement being True.

In the statement, "Interest rates were high in the late 1970s and early 1980s because of unusually low default premiums.", changing "high" to "low" would result in the statement being True

In the statement, "A $1,000 par value bond with an annual coupon rate of 5% would pay $100 in interest every 6 months.", changing "5%" to "10%" would result in the statement being True.

In the statement, "Discount bonds are always worth less than par value at maturity.", changing "Discount" to "Premium" and "less" to "more" would result in the statement being True.

In the statement, "The YTM on a premium bond will be above its coupon rate.", changing "Premium" to "Discount" would result in the statement being True

In the statement, "Par bonds always sell for less than par value.", changing "Par" to "Discount" would result in the statement being True.

In the statement, "You cant go wrong by purchasing zero-coupon bonds at a premium.", changing"can't" to "might possibly" would result in the statement being True.

In the statement, "If you buy a bond at a discount and hold it to maturity, you will experience a capital gain.", changing "a discount" to "par" would result in the statement being True.

In the statement, "Capital losses always increase the investors rate of return.", changing"increase" to "reduce" would result in the statement being True.

In the statement, "Ceteris paribus, bond prices move in the opposite direction from their coupon rates.", changing "their coupon rates" to "market interest rates" to would result in the statement being True.

I(n the statement, "At maturity, investors must repay a bonds par value to its issuer.", changing "issuer" to "lender" would result in the statement being True.

In the statement, "If you own long-term zero-coupon bonds, you would hope that interest rates would increase.", changing "increase" to "decrease" would result in the statement being True.