Are the following statements true or false?

1. Victoria's Piano Manufacturing Company, Inc. has an outstanding consul bond with a 5% coupon rate and face value of $1,000. If the bond is priced to provide an 8% required rate of return, the price of the bond can be determined as $625.

2. Common stock financing is a form of equity financing which provides an investor with a residual form of ownership in a corporation.

3. Preferred stockholders are called preferred owners because they hold more rights and privileges than the common stockholders. This includes, for example, more voting rights than those held by common stockholders.

4. Premium bonds are bonds that are priced below the face value of the bonds and are therefore considered to be premium bonds as they are cheap.