Which of the following statements is not true with regard to Commercial paper?

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Question:
Which of the following statements is not true with regard to Commercial paper?

1.Is a long-term unsecured promissory note with a fixed maturity period.

2.It usually has a maturity period of 15 days to one year.

3.It is sold at a discount and redeemed at par.

4.Companies use this instrument for bridge financing.

Posted Date:-2021-02-22 08:17:11


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