True or False. Explain your answer:

1. 1.1) An annuity with an infinite life is called a perpetuity.

2. 1.2) The accounting equation states that assets plus liabilities equal equity

3. 1.3) A bond may only be issued by state governments.

4. 1.4 ) The dividend is the regular interest payment of the bond.

5. 1.5) The primary is the market of first sale in which companies first sell their authorized shares to the public.