Q399
Investors held commercial papers generally from
A.
issuance to maturity
AnswerB.
within 1 to 2 days
C.
within 3 to 4 days
D.
within 4 to 5 days
Answer: Option A
Solution
Answer: Option A
Solution:
Investors held commercial papers generally from issuance to maturity. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities. Maturities on commercial paper rarely range longer than 270 days.