Question Completion Status 0.25 points Sa QUESTION 3 Which of the following bank accounts has the highest effective annual return? () b. An account that hys 8% nominal interest with daily (365-day) compounding. () d. An account that pays 8% nominal interest with annual compounding. a. An account that pays 8% nominal interest with rnonthly compounding. c, An account that pays 7% nominal interest with daily (365-day) compounding. e. An account that pays 7% nominal interest with monthly compounding. QUESTION 4 0.25 points Sa A US. Treasury bond will pay a lump sum of SI ,000 exactly 3 years from today. The nominal interest rate is 6%. semiannual compounding. Which of the following statements is CORRECT? O a. The PV of the $1,000 lump sum has a higher present value than the PV of a 3-year, $333.33 ordinary annuity O b. The present value of the $1,000 would be smaller if interest were compounded monthly rather than semiannually O c. The present value would be greater if the lump sum were discounted back for more periods @ d. The periodic interest rate is greater than 3%. e. The periodic rate is less than 3%. Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save an