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With respect to the use of commercial paper by an industrial firm, which one of the following statements is most likely to be true? The

With respect to the use of commercial paper by an industrial firm, which one of the following
statements is most likely to be true?

The commercial paper is issued through a bank.
The commercial paper has a maturity of 60-270 days.
The commercial paper is secured by the issuer?s assets.
The commercial paper issuer is a small company.

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