Which of the following statement(s) is/are false?

I. Selling a call option is the same as buying a put option.

II. Prior to maturity, an American option will always cost more than a similar European option.

III. If an option is out of the money, then the holders should exercise it to capitalize the gains.

a) I only

b) II only

c) III only

d) I and III only

e) None of the above choices

3) Which of the following statement(s) is/are false?

I. For a bearer bond, possession is evidence of ownership.

II. A registered bond has higher YTM compare to a similar bearer bond.

III. The vast majority of new international bond offerings make floating coupon payments.

a) I only

b) II only

c) III only

d) I, II & III

e) None of the above choices