8.) Which of the following statements are correct?

a. Yields on bankers acceptances will typically be lower than T-bills.

b. Jumbo CDs are deposits of $100,000 or more and are always insured by the FDIC for the full amount of the CD.

c. Commercial paper has maturities that exceed 270 days.

d. Repurchase agreements typically have maturities that are very short-term, often only a few days.

61.) Which of the following is most accurate regarding the determination of fair market value?

a. Fair market value relies on estimates of the value of illiquid assets.

b. Fair market value ignores any preferred stock outstanding.

c. Fair market value is based on cash flows to shareholders.

d. Fair market value is used to value firms operating as going concerns.