What is the difference between an investment-grade bond and a junk bond?

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Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Question Posted: Jan 27, 2015 08:34 AM

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What is the difference between an investment-grade bond and a junk bond?

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Bonds rated Baa or better by Moodys and BBB or better by SP are considered t...View the full answer

Financial Markets and Institutions

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