Medium-term notes (MTN), carrying maturities of ______, were used as far back as the 1970s, but literally exploded onto the corporate fund-raising scene in the past 25 years, emerging as a major funding tool.

Question

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Medium-term notes typically have maturities ranging from 1 to 10 years. They have become a significant tool for corporate financing, gaining popularity over the past few decades.

Medium-Term Notes (MTN), Carrying Maturities of ______, Were Used as Far