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A U.S. Treasury bond will pay a lump sum of S1,000 exactly 3 years from today. The nominal interest rate is 6%, semiannual compounding, which

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A U.S. Treasury bond will pay a lump sum of S1,000 exactly 3 years from today. The nominal interest rate is 6%, semiannual compounding, which of the following statements is CORRECT? a-The periodic interest rate is greater than 3%. O b. The periodic rate is less than 3%. O C. The present value would be greater if the lump sum were discounted back for more periods. O d. The PV of the $1,000 lump sum has a smaller present value than the PV of a 3-year, S333.33 ordinary annuity. e. The present value of the $1,000 would be larger if interest were compounded monthly rather than semiannually

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