Assume that 1-, 2-, 3-, and 4-year discount factors are 0.97087, 0.93351, 0.89544, and 0.85480, respectively. Which of the following is false based on this benchmark yield curve?

Group of answer choices

A two-year annual deferred swaps fixed rate is 3.49%

A four-year annual 4% coupon paying bond with $1 par should sell at a discount.

A three-year annual deferred swaps fixed rate is 3.73%

A four-year annual deferred swaps fixed rate is 3.97%