What are junk bonds? How might they be used in financing a corporation?

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What are "junk bonds"? How might they be used in financing a corporation?

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Fundamentals Of Financial Management

ISBN: 9780273713630

13th Revised Edition

Authors: James Van Horne, John Wachowicz

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Question Posted: Dec 07, 2015 05:53 AM

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What are junk bonds? How might they be used in financing a corporation?

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Junk bonds by definition are speculativegrade bonds which are rated BA or lower by Moodys or ...View the full answer

Fundamentals Of Financial Management

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