Which one of the following four statements on the seniority of corporate bonds is incorrect?

The incorrect statement about the seniority of corporate bonds is that "Junior bonds always pay higher coupons than subordinated bonds." Junior bonds are also known as subordinated bonds. The coupon rate of bonds is influenced by several factors, including the issuer's credit quality and market conditions, but the statement incorrectly assumes that junior bonds must always have higher coupons than subordinated bonds, which is not necessarily true.