Generally speaking which of the following is NOT consistent with the market pricing of risk concept?
Corporation applies a lower discount or hurdle rate to projected cash flows from a less risky project and a higher discount or hurdle rate to projected cash flows from a more risky project.
Yield on a money market mutual fund is higher than the yield on a capital market corporate fixed-income security.
Treasury Bill has a lower yield to maturity than a Corporate Repo security of similar maturity.
High-yield bond index has a higher yield to maturity than a General Municipal Bond index of similar maturity.