Canadian Tire is preparing a bond offering with a 9% coupon rate. The bonds will be repaid in 11 years. Canadian Tire plans to issue the bonds at par value and pay interest semi-annually. Given this, which of the following statements is not (or are not) true? I. The initial selling price of each bond will be $1,000. II. After the bonds have been outstanding for 1 year, you should use 11 as the number of compounding periods when calculating the market value of the bond. III. Each interest payment per bond will be $90. IV. The yield to maturity when the bonds are first issued is 4.5%. a) II, III, and IV only b) II only c) I, III, and IV only d) II and IV only e) I, II, and III only