Which statement about Commercial Paper (CP) is NOT

correct?

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

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

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

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

Solution

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

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