Q No. 1 Explain why you agree or disagree with the following statements. The answer should not be more than 3 sentences (Total 3 Statements, Total Marks 6, Each Statement 2 Marks).

a) Treasury bonds are riskier than corporate bonds.

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

c) All other things held constant, the price or interest rate risk of short-term bond is always lower than long-term bond.