T/F

1)A bond investor often resells puttable bonds for a discount bond.

2)A coupon bond has 4 years to maturity and the yield to maturity of 10%. When the coupon rate increases, the durationof this bond decreases.

3)A call option on S&P 500 index has an exercise price of $4,000. The current index price is $4,100. The call option is an in-the-money European option.

4)A US exporter has a 1,000,000 receivable due in one year. To hedge the position, it will buy put options on euro.

5)The market neutral hedge establishes long and short positions on both sides of the market to eliminate risk and to benefit from security asset mispricing.