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COMMERCIAL PAPER is short-term debt issued (sold) by corporations to meet short term financing needs. Commercial Papers are unsecured debt securities that have maturities ranging from 2 to 270 days. Like other corporate debt instruments, commercial paper is rated by Standard & Poor's and Moody's. The interest rate that the Company will pay on the commercial paper that it
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3rd Edition Vol. 1
Authors: Kin Lo, George Fisher