A company wishes to raise $50 million to support expansion opportunities, and plans to issue a $50 million face value, 20-year, 6% bond. Which of the following statements isfalse?

1) The company will always receive cash of exactly $50 million.

2) The company may receive more than $50 million of cash.

3) The company may receive less than $50 million of cash.

4) None of the above.