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Which of the following are typical commercial paper denominations? Check all that apply. $1,000,000$2,320,000$25,000,000$776,000,000 Which of the following are characteristics of commercal paper? check all

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Which of the following are typical commercial paper denominations? Check all that apply. $1,000,000$2,320,000$25,000,000$776,000,000 Which of the following are characteristics of commercal paper? check all that apply. They are typically used to finance firms' major projects like the construction of new facilities. Their maturities are normally between 20 and 45 days but can be as short as 1 day or as long as 270 days. Firms are the most common investors in these securities. Activity in their secondary market is high. Suppose lacques purchases a 35-day commercial paper with a par value of $10,000,000 for a price of $9,970,000. If lacques holds the commercial paper until maturity, and you assume a 360 day year, then the anmualized yield is: 2.78% 3.03% 3.09% 3.40%

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