Question

Which statement about Commercial Paper (CP) is NOT

Q: Answer-Which statement about Commercial Paper (CP) is NOT correct?

Commercial Paper is actually a short-term unsecured money market instrument, making it a preferred option for companies to meet immediate funding needs.

correct?

A All residents, and non-residents permitted to invest in CPs.

B CP is issued in a minimum denomination of Rs.5 lakh.

C CP is a long-term unsecured money market instrument.

D CP is typically issued at a discount from face value.

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Which statement about Commercial Paper (CP) is NOT

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