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[单选题]

Which of the following statements about debt securities is least accurate?

A.Commercial paper is a short-term(less than nine months) vehicle for corporate borrowing.

B.An asset-backed security is a security whose cash flows are linked to a pool of underlying loans or financial instruments.

C.A medium-term note(MTN) differs from a corporate bond in that an MTN is sold to investors on a "firm commitment" basis where in the investment banker guarantees a price to the issuer.

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