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Which of the following concerning short-term financing methods is NOT CORRECT? Commercial papers have maturities no longer than nine months. Commpercial papers typically carry substantilly
Which of the following concerning short-term financing methods is NOT CORRECT? Commercial papers have maturities no longer than nine months. Commpercial papers typically carry substantilly lower interest rates than prime rates. Firms generally have little control over the level of accruals. Accruals and accounts payables do not carry explicit interest charges. Short-term bank loans typically require assets as collateral
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