Fixed Income medium term notes

CFA Level I
#1

Medium-term notes (MTNs) most likely

  1. have maturities between 2 and 10 years.

  2. are sold through an underwritten offering.

  3. have less liquidity than long-term bonds of the same issuer.

Answer is 1

But isn’t medium term notes less liquid than long term?

#2

Generally, the shorter the maturity, the more liquid the bond.

#3

Are you sure because i checked on google it says, MTNs may not be highly liquid

#4

Google doesn’t matter.

Only the curriculum matters.

What does the curriculum say?

#5

I don’t know am not understanding