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Question 29 (2.5 points) With CP standing for commercial paper and ABCP standing for asset-backed commercial paper, which statement is not true? 1) CP is

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Question 29 (2.5 points) With CP standing for commercial paper and ABCP standing for asset-backed commercial paper, which statement is not true? 1) CP is sold at a discount and matures at par. 2) CP can normally not be issued by more than 100 US firms. 3) SPVs typically sell bonds in tranches. 4) In the run up to the financial crisis, up to 1,000 SPVs issued ABCP to help cover their purchases of mortgages and other loans

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