Are the following statements true or false, please justify your answer?

1. The price of any financial instrument is the present value of cash flows. (4 marks)
2. Common stockholders always receive dividend payments if the firm is highly profitable. (4 marks)
3. The Callable bond is a bond that can be called/redeemed by bond issuer at any time (4 marks)
4. Central Banks influence the monetary and financial condition in financial markets and consequently the economy only by applying Open market operations.(4 marks)
5. You are a resident in Switzerland and if you can convert 210 Swiss francs to $100.80 then the exchange rate using direct quotation will be

Swiss franc 2.08333/1$ (4 marks)

Financial Markets and institution