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If u answer all questions correct I will give a thumbs up. 3. Money market instruments: Negotiable certificates of deposit Which of the foliowing are
If u answer all questions correct I will give a thumbs up.
3. Money market instruments: Negotiable certificates of deposit Which of the foliowing are typical negotiable certificate of deposit (NCD) denominations? Check all that apply. $200,000$900,000$1,000,000$2,000,000 Which of the following are characteristics of negotiable certificates of deposit (NCO)? Check all that apply. The return they provide does not include any interest. Firms are the most common direct investors in these securities. Their denominations are typically in multiples of $1,000,000. They offer higher vieids than Treasury bills with the same maturity. Suppose Van purchased an NCD a year ago on the secondary market for $99,200 and redeems it today upon maturity for $100,000 plus $4,300 in interest. The annualized yield on this NCD is: 4.83% 5.04% 5.14% 5.6046 Step by Step Solution
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