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Which of the following are typical negotiable certificate of deposit (NCD) maturity lengths? Check all that apply. 1 month 3 months 6 months 9 months

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Which of the following are typical negotiable certificate of deposit (NCD) maturity lengths? Check all that apply. 1 month 3 months 6 months 9 months Which of the following are characteristics of negotiable certificates of deposit (NCD)? Check all that apply. Firms are the most common direct investors in these securities. Activity in their secondary market is low. Their denominations are typically in multiples of $100,000 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 Brian purchased an NCD a year ago on the secondary market for $994,000 and redeems it today upon maturity for $1,000,000 plus $39,000 in interest. The annualized yield on this NCD is: 4.17% 4.53% 4.62% 4.85%

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