Name the instrument that best fits each of the following descriptions: a. Short-term unsecured loan issued directly
Question:
a. Short-term unsecured loan issued directly by the company.
b. An agreement by a government bond dealer to buy back a bond that it has sold.
c. A short-term security issued at a discount by the government.
d. Evidence that a company owns a bank time deposit.
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259722615
9th edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus
Question Posted:
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