Fight Finance

Which of the following statements about risk free government bonds is NOT correct?

Hint: Total return can be broken into income and capital returns as follows:

$$\begin{aligned} r_\text{total} &= \frac{c_1}{p_0} + \frac{p_1-p_0}{p_0} \\ &= r_\text{income} + r_\text{capital} \end{aligned}$$

The capital return is the growth rate of the price.
The income return is the periodic cash flow. For a bond this is the coupon payment.