Negotiable certificate of deposit denominations

Assignment Help Finance Basics
Reference no: EM132813973

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

-$300,000

-$900,000

-$1,000,000

-$4,000,000

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

-Their denominations are typically in multiples of $100,000.

-Their maturities are normally between 2 weeks and 1 year.

-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.

3. Suppose Nick purchased an NCD a year ago on the secondary market for $993,000 and redeems it today upon maturity for $1,000,000 plus $44,000 in interest. The annualized yield on this NCD is:

-4.63%

-5.04%

-5.14%

-5.40%

Reference no: EM132813973

Questions Cloud

What is purpose of an income statement for a retail business : The information on the statement will be used by investors, lenders, What is the purpose of an income statement for a retail business
Weigh the importance of the criteria : Discuss at least 3 criteria used to select a contractor. Weigh the importance of the criteria to the overall selection process using a percentage for each.
What is the future value : What is the future value of $1,300, placed in a saving account for four years if the account pays 8.00%, compounded quarterly?
Explain the benefits to seller of allowing cash discounts : Distinguish between a cash discount and a trade discount. Explain the benefits to the seller of allowing cash discounts
Negotiable certificate of deposit denominations : 1. Which of the following are typical negotiable certificate of deposit (NCD) denominations? Check all that apply.
How much must you deposit each year to obtain goal : If the bank is willing to pay 14 percent compounded? annually, how much must you deposit each year to obtain your? goal?
How might the workers use activity-based cost information : After building activity-cost models, should this information be shared with the municipal workers? Why or why not? How might the workers use the activity-based
Does spivak claim that the subaltern can talk : Does Spivak claim that the subaltern can talk? Can the subaltern advocate for themselves? Can the subaltern be heard? If the subaltern is heard, are they any
Find how much cash quitty should receive : Peddy, Quitty, Romy and Seth are partners, sharing earnings in the ratio of 3/21, 4/21, 6/21 and 8/21. How much cash Quitty should receive?

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd