Which of the following statements regarding junk bonds is true? O Junk bonds typically offer lower yields to maturity than investment-grade bonds. O Junk bonds have higher priority in bankruptcy than preferred stock. O Junk bonds offer no coupon payments to investors. O Junk bonds are typically defined as bonds with default probabilities of 25% or higher Question 15 "The higher the bond rating," o the higher the interest rate on a bond. O the lower the interest rate on a bond. O the higher the call premium. O the lower the call premium. L> Click Submit to complete this assessment