Question
According to an article on the junk bond market in Europe published in the Economist in2016, The spread(the interest premium over government borrowingrates) paid byjunk-bond
According to an article on the junk bond market in Europe published in the Economist in2016, "The spread(the interest premium over government borrowingrates) paid byjunk-bond issuers has risen by nearlythree-and-a-half percentage points since March last year."
Source: "The Crazy World of Credit," Economist, January30, 2016.
What of the following ratings would you expect a junk bond tohave?
A. Baa
B. AAA
C. BBB
D. Ba
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International Business
Authors: Alan M. Rugman, Simon Collinson
6th edition
273760971, 978-0273760979
