Q.

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

A. Is a long-term unsecured promissory note with a fixed maturity period.
B. It usually has a maturity period of 15 days to one year.
C. It is sold at a discount and redeemed at par.
D. Companies use this instrument for bridge financing.
Answer» A. Is a long-term unsecured promissory note with a fixed maturity period.
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