5. For a par value bond, the coupon interest rate should be lower than its yield to maturity. True or False

8. Which of the following statements about annuity is true? The present value of annuity due is smaller than the present value of the similar ordinary annuity. The future value of annuity due is smaller than the future value of the similar ordinary annuity. The future value of annuity due is smaller than the present value of the similar ordinary annuity. None of the above statements is correct.