On February 1^st, 2020 Mr. Smith sells his 50 Series A bonds to Mrs. Johnson for $890 each.

For each of the following sentences choose if it is true or false:

1. Since the market at that time was offering 7% bonds, the 3% ones look relatively unattractive. In order for Mr. Smith to sell them, he had to sell the bonds for around $110 below face value. True or False
2. Since the bonds are sold for below their face value, the current yield that the buyer will get is higher than the coupon rate. True or False
3. On 02/01/23, the maturity date of the bonds, Mr. Smith will receive the final interest payment for the bonds that he sold. True or False
4. The public hopes that by trading the bonds at a lower price than their face value, they will increase the pressure on Disney to lower its fees to enter the park. True or False