Which of the following statements is FALSE? O The effective annual rate indicates the amount of interest that will be earned at the end of one year. O A risk-free cash flow received in two years should be discounted at the two-year interest rate. O For bonds other than the U.S. Treasury, the stated interest rate is the minimum amount that investors will receive. Because interest rates may be quoted for different time intervals, it is often necessary to adjust the interest rate to a time period that matches that of our cash flows. O Interest rates vary with the investment horizon