True/False (True-A, False-B) 1. Starting to invest early for retirement increases the benefits of compound interest 2. If the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series. 3. The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profit, may be estimated by determining future cash flows and then discounting them back to the present. 4. Yield to maturity is higher than the coupon interest rate if a bond is trading at Premium. 5. There exists a negative relationship between outstanding bond prices and going market interest rates