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Which of the following is false regarding Commercial Paper (CP)?

Which of the following is false regarding Commercial Paper (CP)?


[A]It is issued in multiples of Rs.5 lakh
[B]It has a minimum maturity of 15 days and a maximum up to one year
[C]It has to be mandatorily underwritten
[D]The issue of a CP attracts stamp duty

Jan 03 2018 View more View Less

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