Business Studies, asked by AadyaSinha996, 1 year ago

Explain in detail concept of commercial paper.

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Answered by Ankitkumar200314
0

Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. ... Commercial paper is usually issued at a discount from face value and reflects prevailing market interest rates.

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