Question
Consider the following statements about Commercial Paper
(CP): 1. It is a short-term, unsecured promissory note. 2. Only companies with a minimum net worth of ₹4 Crore are eligible to issue CP. 3. It is issued at a discount to the face value. Which of the statements above is/are correct?Solution
All statements are correct. CPs are high-quality, short-term money market instruments used by corporates to meet working capital needs.
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Purc...
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