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Quick Steel Corporation issues commercial paper when it needs money for a new project. It issues commercial paper, because the interest rate it pays on
Quick Steel Corporation issues commercial paper when it needs money for a new project. It issues commercial paper, because the interest rate it pays on commercial paper is less than the interest rate it pays on bank loans. During the past year, the rating of Quick Steel Corporation has been downgraded a lot, because of its recent financial problems. Will Quick Steel Corporation be able to issue new commercial paper, to pay for building a new factory? Explain your answer
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