Commercial paper is similar to a bond, except that it is sold at a discount rather than having coupon payments and has a maturity of 9 months or less.

Name: Commercial paper is similar to a bond, except that it is sold at a discount rather than having coupon payments and has a maturity of 9 months or less.
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Commercial paper is sold at a discount and has a maturity of 9 months or less, making it similar to a bond in many ways, with the key difference being the lack of coupon payments.

Commercial Paper Is Similar to a Bond, Except That It