Exam Question
The major disadvantage of commercial paper is
- 1) the continued availability of funds is less certain than with bank financing
- 2) that there is no secondary market for commercial paper
- 3) firms must maintain an account balance equal to the paper outstanding
- 4) commercial paper is normally issued with a floating interest rate
View Answer
Answer 1) the continued availability of funds is less certain than with bank financing
Practice set and Exam Quiz
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