Comment on the following: Commercial papers are issued at par value.
CS Professional · Banking - Law and Practice · PYQS · December 2016
Comment on the following: Commercial papers are issued at par value.
Answer & Explanation:
This statement is False . Commercial papers are issued by companies with high credit ratings, in the form of promissory notes, at discount but repayable at par, to their holder at maturity.
Topics: Financial Instruments
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