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In spite of its rapid growth in the junk bond market in the mid-1980s, the junk bond market collapsed at the end of that decade.

In spite of its rapid growth in the junk bond market in the mid-1980s, the junk bond market collapsed at the end of that decade. Certain major events rocked the junk bond market in the 1980s. Discuss in details these events and assess if they could have been averted.

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