Explain Why you agree or disagree with the following statements. The answer should not be more than 3 sentences. Be specific in your answer and write only the most relevant explanations (Total Marks 10)

a. If a bond sells at a discount, yield to maturity is more likely to occur. (3 Marks)

b. All other things held constant; the future value of an annuity due is always having a lower future value than future value of ordinary annuity. (3 Marks)

c. Treasury bills are less risky than corporate bonds (4 Marks)