A U.S. Treasury bond will pay a lump sum of $1,000 exactly 3 years from today. The nominal interest rate is 6%, semiannual compounding. Which of the following statements is CORRECT? The periodic interest rate is greater than 3%. The present value would be greater if the lump sum were discounted back for more periods. The present value of the $1,000 would be larger if interest were compounded monthly rather than semiannually. The periodic rate is less than 3%. The PV of the $1,000 lump sum has a smaller present value than the PV of a 3 -year, $333.33 ordinary annuity