What happens to the spread between commercial paper rates and Treasury bill rates when there is a

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What happens to the spread between commercial paper rates and Treasury bill rates when there is a "flight to quality"? Why is commercial paper considered less liquid than Treasury bills?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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Question Posted: Aug 18, 2017 02:21 PM

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What happens to the spread between commercial paper rates and Treasury bill rates when there is a

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The spread increases when market ...View the full answer

Investments

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