Which of the following statements about sinking fund is NOT true?

		Sinking fund provision facilitates the orderly retirement of the bond issue.
		A company would prefer to use sinking fund to call bond if interest rate is below the coupon rate.
		A company would use sinking fund to call bond if interest rate is well above coupon rate.
		It is a good strategy for a firm to use its sinking fund to call bond if bond sells at a big premium.