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Which of the following statements about promissory notes is NOT correct? Select one: a. P-notes are issued by corporations in major international financial markets. b.

Which of the following statements about promissory notes is NOT correct?

Select one:

a.

P-notes are issued by corporations in major international financial markets.

b.

P-notes have no acceptor, but only an endorser.

c.

P-notes are often issued as unsecured instruments.

d.

Their issues may be underwritten.

e.

The issuers typically have good credit ratings.

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