Commercial paper has become an increasingly popular way tor companies to raise funds. Which of the following is not true regarding commercial paper Mutiple Choice Commercial paper is often purchased by other companies as a short term investment interest often is discounted at the issuance of the note Usually the interest rate is lower than in a bank loan Commercial paper usually is sold in minimum denominations of $25.000 with matures of ater than 270 days
Commercial paper has become an increasingly popular way tor companies to raise funds. Which of the following is not true regarding commercial paper Mutiple Choice Commercial paper is often purchased by other companies as a short term investment interest often is discounted at the issuance of the note Usually the interest rate is lower than in a bank loan Commercial paper usually is sold in minimum denominations of $25.000 with matures of ater than 270 days
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Commercial paper has become an increasingly popular way for companies to raise funds. Which of the following is not true regarding commercial paper
Mutiple Choice
Commercial paper is often purchased by other companies as a short term investment
interest often is discounted at the issuance of the note
Usually the interest rate is lower than in a bank loan
Commercial paper usually is sold in minimum denominations of $25,000 with maturities of ater than 270 days
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