Two out of the following four statements are false. Identify the two false statements and provide a single sentence explanation as to why that statement is likely false.

1. PV of a perpetuity is given by the formula : r/C
2. The annual percentage rate indicates the amount of interest, including the effect of any compounding.
3. Prices of bonds with higher coupon rates are affected less by changes in interest rates, all else equal
4. Prices of bonds with longer maturity are affected more by changes in interest rates, all else equal.