1. When the market interest rate is equal to the face interest rate on bonds, the present value of the bonds will be less than the bond's face value at the date of sale of the bonds.

True or False

2. The difference between the future value of an investment and the original investment is the amount of interest revenue that will be earned.

True or false

3. The principal, when investing in a bond, is a single amount to be received by the investor and paid by the debtor at maturity.

True or False