Which statement is correct if a U.S. Treasury bond pays a lump sum of $1,000 3 years from today and the nominal interest rate is 6% semiannual compounding? Question 6 options: a) The periodic interest rate is greater than 3%. b) The present value would be greater if the lump sum were discounted back for more periods. c) The present value of the $1,000 would be smaller if interest is compounded monthly rather than semiannually. d) The PV of the $1,000 lump sum has a higher present value than the PV of a 3-year, $333.33 ordinary annuity.