3. Money market instruments: Negotiable certificates of deposit Which of the following are typical negotiable certificate of deposit (NCD) denominations? Check all that apply. $200,000 $900,000 $1,000,000 $5,000,000 Which of the following are characteristics of negotiable certificates of deposit (NCD)? Check all that apply. They offer lower yields than Treasury bills with the same maturity. Their maturities are normally between 2 weeks and 1 year. Activity in their secondary market is moderate. They provide a return in the form of interest along with the difference between the secondary market selling price and the original purchase price. Suppose Jake purchased an NCD a year ago on the secondary market for $99,400 and redeems it today upon maturity for $100,000 plus $3,500 in interest. The annualized yield on this NCD is: 3.75% 3.91% 4.12% 4.20%