Why is the commercial paper market available only to the most creditworthy companies?

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Fundamentals of corporate finance

ISBN: 978-0470876442

2nd Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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Question Posted: Jun 12, 2012 01:10 AM

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Why is the commercial paper market available only to the most creditworthy companies?

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Commercial paper is available only to firms that are financially strong for two reasons First the...View the full answer

Fundamentals of corporate finance

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