True or False. (1) According to Relative Purchasing Power Parity, if expected inflation rate is 2.5% in the US and 3% in Canada, US dollar will appreciate in the future, relative to Canadian Dollar.

(2) Stock repurchases will typically decrease stock prices and give investors less control over their tax liabilities.

(3) If a companys expected EBIT in the coming year is more than the break-even EBIT, then the increase in Debt/Equity ratio may be beneficial to its stockholders. (

(4) If the underwriters are concerned with the possibility of oversubscription of IPO shares, they can have a best efforts contract with the IPO company.