Which of the following are Eurodollar certificate of deposit denominations? Check all that apply.
$500,000
$750,000
$1,000,000
$9,000,000
Suppose Brian (a U.S. investor) purchases a 20-day Euro–commercial paper with a par value of 1,000,000 Mexican pesos for a price of 995,000 Mexican pesos. If the peso is worth $0.046, the spot rate is anticipated to be $0.048760 per peso at the end of maturity, and Brian holds the Euro–commercial paper until then, assuming a 360 day year, the effective yield is:
14.50%
14.81%
15.59%
16.84%