1 1. What is the value at the end of Year 3 of the following cash flow stream if interest is 4% compounded semiannually? (Hint: You can use the EAR and treat the cash flows as an ordinary annuity or use the periodic rate and compound the cash flows individually.) 0 2 4 6 Periods 0 $100 $100 $100 2. What is the PV? 3. What would be wrong with your answer to parts 1(1) and 1(2) if you used the nominal rate, 4%, rather than the EAR or the periodic rate, INOM/2-4%/2 = 2% , to solve the problems