Question: 4 0 equentions Question 7 Which statement is not correct about commercial paper? The credit rating is not needed for issuing firm. Only the largest

40 equentions
Question 7
Which statement is not correct about commercial paper?
The credit rating is not needed for issuing firm.
Only the largest and most creditworthy corporations issue commercial paper.
CP is usually held by investors until maturity and has no active secondary market.
Cp usually has maturity less than 270 days to avoid the need to register the security issue with the Securities and Exchance 0-
4 0 equentions Question 7 Which statement is not

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