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Sameer wants to buy a Negotiable Certificates of Deposits, the following are the features of NCDs except: a. Normally there is no secondary market for
Sameer wants to buy a Negotiable Certificates of Deposits, the following are the features of NCDs except:
a.
Normally there is no secondary market for it
b.
Nonfinancial corporation often purchase NCDs
c.
The bank and investor negotiate the size, rate and maturity
d.
Maturity normally ranges from 2 weeks to one year.
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Fundamentals Of Corporate Finance
Authors: Stephen A Ross, Randolph W Westerfield, Bradford D Jordan
7th Edition
0073134295, 9780073134291
