Which two statements about eBGP neighbor relationships are correct?

External BGP (eBGP) is designed to exchange routing information between different autonomous systems (AS). Therefore, the two devices forming an eBGP peering must reside in different autonomous systems. Unlike some Interior Gateway Protocols (IGPs), BGP neighbors are not discovered dynamically; they must be explicitly configured on each router using the neighbor command, specifying the neighbor's IP address and remote AS number. Incorrect options: "They can be created dynamically after the network statement is configured" is false because BGP neighbors are manually configured, not dynamically discovered through network statements. "The two devices must reside in the same autonomous system" describes iBGP (internal BGP), not eBGP. "The two devices must have matching timer settings" is not strictly true; while timer settings can be negotiated, they don't have to match for the peering to establish, though mismatched timers might lead to suboptimal behavior.