In the context of the binomial option pricing model for valuing a firm's equity and debt, a decrease in the time to maturity will lead to a lower value of the firm's debt. TRUE OR FALSE

A risk-free government bond will have a greater convexity measure if its coupon rate were increased. TRUE or FALSE

A risk-neutral probability equal to 50% implies that there is an arbitrage opportunity.TRUE or FALSE

In the real world, discounted cash flow valuation and relative valuation often produce different intrinsic values. TRUE or FALSE