2. Money market instruments: Commercial paper Which of the following are typical commercial paper denominations? Check all that apply. $1,000,000 $1,720,000 $13,600,000 $892,000,000 Which of the following are characteristics of commercial paper? Check all that apply. Common investors in these securities are households, firms, and financial institutions. Activity in their secondary market is low. Their denominations are typically in multiples of $1 million. They are typically used to finance a firm's investment in inventory and accounts receivable. Suppose Valerie purchases a 45-day commercial paper with a par value of $1,000,000 for a price of $996,000, If Valerie holds the commercial paper until maturity, and you assume a 360 day year, then the annualized yield is: 3.05% 3.21% 3.27% 3.40%