What is the difference between a fallen angel and an original-issue high-yield bond?

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Bond Markets Analysis and Strategies

ISBN: 978-0133796773

9th edition

Authors: Frank J.Fabozzi

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Question Posted: Aug 22, 2015 07:29 AM

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What is the difference between a fallen angel and an original-issue high-yield bond?

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In brief a fallen angel is a bond with the same low rating as an originalissue highyield bond How...View the full answer

Bond Markets Analysis and Strategies

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