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Which of the following are Eurodollar certificate of deposit denominations? Check all that apply. $ 3 5 0 , 0 0 0 $ 5 0

Which of the following are Eurodollar certificate of deposit denominations? Check all that apply.
$350,000
$500,000
$2,000,000
$10,000,000
Which of the following are characteristics of Eurodollar securities? Check all that apply.
Euronote maturities are normally 1 month, 3 months, or 6 months.
A secondary market for Eurocommercial paper exists.
Eurodollar CD denominations are typically less than $1 million.
A secondary market for Eurodollar CDs exists.
Suppose Ginny (a U.S. investor) purchases a 25-day Eurocommercial paper with a par value of 1,000,000 Mexican pesos for a price of 995,000 Mexican pesos. If the peso is worth $0.048, the spot rate is anticipated to be $0.050880 per peso at the end of maturity, and Ginny holds the Eurocommercial paper until then, assuming a 360 day year, the effective yield is:
13.26%
13.67%
14.22%
14.63%

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