The maximum maturity of commercial paper is 270 days, because the Federal Reserve discount window does not provide any facility more than 270 days. the SEC imposes capital requirement if maturity is more than 270 days. registration requirement beyond 270 days. the interest rate for more than 270 days is very high. Treasury bills do not have a maturity date. have a face amount. pay interest. have an active secondary market. The relationship between the AAA-yield and BBB-yield for corporate bordds can best be described as which of the following? There is no obvious relationship between the AAA-yield and the BBB-yield The AAA-yield is usually higher than the BBB-yield, but that relationship has changed at times. The AAA-yield is always lower than the BBB-yield. The AAA-yield is always higher than the BBB-yield. A corporate bond issued 2 years ago wys rated "A" at the time of issuance, During the past two years, the compary experienced diffculties and its financial status deteriorated. The bond has been downgraded to "lunk" bond. This bond is called a fallen anger investment grade guaranteed by financial instrance puttabie