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Question
Which one of the following statements about commercial paper is NOT true?
Commercial paper issued in the United States
A. is an unsecured short-term promissory note.
B. has a maximum maturity of 270 days.
C. is virtually always rated by at least one ratings agency.
D. has no secondary market.
E. carries an interest rate above the prime rate.
Answer
This answer is hidden. It contains 1 characters.
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