Which of the following are false?
a. To find the future value of a single amount of money, the financial manager uses discounting.
b. The amortization of a loan involves creating an annuity out of a present amount.
c. The discount rate of a bond is synonymous with the bond's required return.
d. An annuity due is an annuity for which the payment occurs at the end of each period.
e. A dollar that is received in year 2 will be more valuable than a dollar received in year 1 assuming a constant rate of interest.