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Commercial paper are generally issued at a price.?

<p><strong><span>(a)Equal to face value,</span></strong></p> <p><strong><span>(b)More than face value,</span></strong></p> <p><strong><span>(c)Less than face value,</span></strong></p> <p><strong><span>(d)Equal to redemption value</span></strong></p>

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Question ajoutée par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.
Date de publication: 2014/10/07
irfan khalid
par irfan khalid , Senior Sales Executive , Ghantoot Group ( Bin Mehran Ready Mix Concrete)

C  less than face Value

 

It is promissory note issue by Financial Institute or Big firms to fulfill there short term need and time is not longer than270 days.

manaf almas
par manaf almas , Auditor , DAR AL NUZUM PUBLIC ACCOUNTANTS

lessthan facevalue

 

georgei assi
par georgei assi , مدير حسابات , المجموعة السورية

The Answer C

Sara Naeem
par Sara Naeem , Trainee Finance officer , Wah Brass Mill

C

Vinod Jetley
par Vinod Jetley , Assistant General Manager , State Bank of India

(c)Less than face value,

 

'Commercial Paper'

An unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities. Maturities on commercial paper rarely range any longer than270 days. The debt is usually issued at a discount, reflecting prevailing market interest rates.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN
par VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Answer  Option  (c)  >>>>>>>>>>>> Less than face value,

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