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(TRUE or FALSE?) Under the commercial paper agreement, the bank has a legal obligation to lend an amount of money up to a pre-set limit;

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(TRUE or FALSE?) Under the commercial paper agreement, the bank has a legal obligation to lend an amount of money up to a pre-set limit; the firm pays a yearly fee in addition to the interest expense on the amount they borrow. True False Question 2 1 pts (TRUE or FALSE?) Accounts payable (trade credit), bank loans, and commercial paper are common sources of long-term financing. True False D Question 3 1 pts (TRUE or FALSE?) Revolver credit sale agreement specifies when payment is due and the amount of any discount if early payment is made. True False

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