2. Part 2 ( 24 marks). State whether the following statements are True, False or Uncertain and explain your choice. Marks will be given mainly for the quality of the explanation. \{Uncertain means "it depends" that is there are conditions under which it could be true and conditions under which it could be false\}. a. For a bond that is issued at the par value, the realized return of the bond will be equal to the yield to maturity of the bond. b. Stocks that pay high dividends will have higher intrinsic value than stocks which don't pay dividends or pay small dividends. c. The Discounted Payback Period of a project will be less than the Payback Period of the same project. d. If you expect interest rates to go up a good strategy will be to increase the longerterm component of your bond portfolio in order to minimize the impact of interestate risk