Which of the following statements are false? 1. If interest rates increase the holding period yield (HPY) on bonds will likely decrease. 2. An increase in interest rates will cause the current yield on a bond to increase. 3. Treasury bonds have more credit risk than corporate bonds. 4. Zero-coupon bonds can sell at a premium. Which of the following statements are false? 1. If a firm's inventory period improves it cash conversion cycle will be shorter. 2. An increase in a firm's asset turnover is often offset by a decrease in its profit margin. 3. Issuing new common stock will increase financial leverage and increase financial risk. It is important to compare financial ratios against a bench mark. 4