Which of the following are typical negotiable certificate of deposit $($NCD$)$ denominations? Check all that apply.

$$300,000$

$$500,000$

$$1,000,000$

$$2,000,000$

Which of the following are characteristics of negotiable certificates of deposit $($NCD$)?$ Check all that apply.

Activity in their secondary market is moderate.

Their denominations are typically in multiples of $$1,000,000.$

Their maturities are normally between $1$ and $20$ years.

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 Antonio purchased an NCD a year ago on the secondary market for $$991,000$ and redeems it today upon maturity for $$1,000,000$ plus $$36,000$ in interest. The annualized yield on this NCD is:

$4\mathrm{.}27\%$

$4\mathrm{.}31\%$

$4\mathrm{.}54\%$

$4\mathrm{.}68\%$