Which of the following statements is not true with regard to Commercial paper?
A)Is a long-term unsecured promissory note with a fixed maturity period.
B)It usually has a maturity period of 15 days to one year.
C)It is sold at a discount and redeemed at par.
D)Companies use this instrument for bridge financing.

Question

Quizplus · Accepted Answer

Commercial paper is a short-term unsecured promissory note with a maturity period typically ranging from 15 days to one year, not a long-term financial instrument.

Which of the Following Statements Is Not True with Regard