FUNDAMENTAL OF CORPORATE FINANCE
FUNDAMENTAL OF CORPORATE FINANCE
4th Edition
ISBN: 9781323942925
Author: Berk
Publisher: PEARSON
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Chapter 20, Problem 7CC
Summary Introduction

Commercial paper: Commercial paper is a short-term debt, which is issued by large companies to finance the short-term liabilities. This is an unsecured debt instrument which is in written form and it is a cheaper source of funding than a short-term bank loan. Example- Draft, check and promissory note are some examples of the commercial paper.

To Explain: Commercial paper.

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