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Basic Question 9 of 15
All of the following are true about medium-term notes except that ______.
B. they may have a fixed or floating rate.
C. they have maturities greater than one year but less than 15 years.
D. they were initially introduced to fill the funding gap between commercial paper and long term bonds.
A. they are issued on a continuous basis.
B. they may have a fixed or floating rate.
C. they have maturities greater than one year but less than 15 years.
D. they were initially introduced to fill the funding gap between commercial paper and long term bonds.
User Contributed Comments 3
| User | Comment |
|---|---|
| kalps | >9m ,30yrs |
| anricus | I also thought they were issued on a continuous basis? |
| anricus | Ignore last comment! |
I am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
compare short-term funding alternatives available to corporations and financial institutions
CFA® 2024 Level I Curriculum, Volume 4, Module 4.