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Which of the following statements are correct in respect to high-yield bonds? I. They are junk bonds with highly unpredictable rates of return. II. The

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Which of the following statements are correct in respect to high-yield bonds? I. They are junk bonds with highly unpredictable rates of return. II. The issuing corporation usually has an excessive amount of debt. III. They possess a high level of default and market risk. IV. They are often subordinated debentures. I, II and III only II, III and IV only I and III only I, II, III and IV

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