In statically indeterminate axially loaded member, when a normal load greater than the yielding load is occurred due to an external load and if this load is then removed, which one of the following statements is true?

Select one:

There is no residual stress but there is permanent strain.

There is no permanent strain but there is residual stress.

There is neither residual stress nor permanent strain.

There are residual stress and permanent strain in the member.