Which statement is not correct about commercial paper? O Cp usually has maturity less than 270 days to avoid the need to register the security issue with the Securities and Exchange Commission (SEC). O Only the largest and most creditworthy corporations issue commercial paper. CP is usually held by investors until maturity and has no active secondary market. O The credit rating is not needed for issuing firm.

Which statement is not correct about commercial paper? Cp usually has maturity less than 270 days to avoid the need to register the security issue with the Securities and Exchange Commission (SEC). Only the largest and most creditworthy corporations issue commercial paper. CP is usually held by investors until maturity and has no active secondary market. The credit rating is not needed for issuing firm