What is a junk bond? Why would an investor buy a junk bond?

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Personal Finance

ISBN: 9780134989969

7th Edition

Authors: Jeff Madura

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Question Posted: Jan 03, 2023 12:42 AM

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What is a junk bond? Why would an investor buy a junk bond?

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A junk bond is a bond that is rated below investment grade by a bond rating age...View the full answer

Personal Finance

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