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    Foundations of Financial Management Study Set 4
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    Exam 8: Sources of Short-Term Financing
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    One Major Disadvantage of Commercial Paper Is That If the Company's
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One Major Disadvantage of Commercial Paper Is That If the Company's

Question 104

Question 104

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One major disadvantage of commercial paper is that if the company's credit quality declines, refinancing existing commercial paper might be impossible to achieve through a new issue of commercial paper.

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