Which one of the following statements is TRUE? 1) The APR will always be equal to or less than the effective annual interest rate. 2) According to CAPM, the expected rate of return of a stock will always be less than the risk free rate. 3) All else constant, the value of an investment will decrease if interest rates decrease. 4) All else constant, the value of an investment will increase if its expected future value decreases. 5) Given any positive interest rate, rational investors will prefer a payment of $250,000 today and a payment $250,000 exactly one year from today to a payment of $500,000 made today. 6) None of the answers listed above are correct