Question

What is commercial paper?

Answer 1

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Commercial paper is a short-term unsecured promissory note, negotiable and transferable by endorsement and

delivery with a fixed maturity period. It

is issued by large and creditworthy

companies to raise short-term funds at

lower rates of interest than market rates. It usually has a maturity period of 15 days to one year

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Answer 2

COMMERCIAL PAPER is a short term unsecured promissory notes issued by companies.....