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Which of the following are typical negotiable certificate of deposit (NCD) denominations? Check all that apply, $200,000$300,000$1,000,000$2,000,000 Which of the following are characteristics of negotiable

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Which of the following are typical negotiable certificate of deposit (NCD) denominations? Check all that apply, $200,000$300,000$1,000,000$2,000,000 Which of the following are characteristics of negotiable certificates of deposit (NCD)? Check all that apply. They offer lower yields than Treasury bills with the same maturity. Their maturities are normally between 1 and 20 years. Activity in their secondary market is moderate. 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 Sam purchased an NCD a year ago on the secondary market for $991,000 and redeems it today upon maturity for $1,000,000 plus $44,000 in interest. The annualized yield on this NCD is: 5.24% 5.35% 5.62% 5.67% Which of the following are typlcal repurchase agreement denominations? Check all that apply. $100,000 57,500,000 $30,000,000 580,000,000 Which of the following are characteristics of repurchase y greements? Check all that apply: Their denominations are typically $10 million or more: Most repo transactions are backed by commercial paper or NCDs. There is no secondary market for repurchase agreements. The size of the repo market is approximately $5 trillion. Suppose Eleanor initially purchased securities at a price of $39,360,000 while agrecing to sell them back to the original owner at a price of 540,000,000 at the end of a 3 -month period. Assuming a 360 day year, the yield (or repo rate) on this repurchase agreement is: 5.85% 6,44% 6.50% 6.57%

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