Corporate Finance: The Core (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)
Corporate Finance: The Core (4th Edition) (Berk, DeMarzo & Harford, The Corporate Finance Series)
4th Edition
ISBN: 9780134202648
Author: Jonathan Berk, Peter DeMarzo
Publisher: PEARSON
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Chapter 27, Problem 13P
Summary Introduction

To discuss: The difference between direct paper and dealer paper.

Introduction:

Commercial papers are the safest mode of investment. It is the unsecured short-term loan mainly used to finance the inventories and accounts receivables.

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