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Explain the characteristics of commercial paper and what is put in place to create a secondary market for commercial paper. Address how a firm uses

Explain the characteristics of commercial paper and what is put in place to create a secondary market for commercial paper.

Address how a firm uses commercial paper to meet their short term borrowing needs.

Go to the www.federalreserve.gov/releases and find the commercial paper rates in the Daily releases section. What was the behavior of the commercial paper rates from the beginning of the subprime crisis to the present?

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