19 Junk Bonds What is a junk bond? What are some of the controversies created by junk...

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19 Junk Bonds What is a ‘junk bond’? What are some of the controversies created by junk bond financing?

By looking at the time series of bond defaults in Figure 16.3, can you think of a profitable trading strategy for junk bonds? Explain.

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Corporate Finance

ISBN: 9781526848093

4th Edition

Authors: David Hillier

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