Question
Asked Nov 9, 2019
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The primary instruments used for long-term financing include all of the following except:

commercial paper

common stock

preferred stock

long term debt

all of the above

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Expert Answer

Step 1

Primary instruments:

A financial investment where the price depends on the direct market value is known as the primary instrument. The major examples of the primary instruments are bonds, stock, and currency. The primary instruments that are utilized for the long term f...

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