Which of the following is not a characteristic of commercial paper?
A) Can be interest bearing
B) Can be issued at a discount
C) Type of money market financing
D) Carries a maturity of from 364 days to 5 years

Question

Quizplus · Accepted Answer

Commercial paper typically carries a maturity of less than 270 days, not from 364 days to 5 years, making it a short-term debt instrument used by companies to finance their operations.

Which of the Following Is Not a Characteristic of Commercial