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Commercial paper often carries an interest rate below bank rates by about:

A1 to 3 rupees
B10 to 30 paise
C1 to 3 percent
D10 to 30 percent
Answer & Solution
Correct answer: C. 1 to 3 percent
1. The saving is modest but real. 2. It explains why big firms prefer it. 3. It is 1 to 3 percent below. _Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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