a. What is a junk bond? b. What does a bond rating say about the risk of
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a. What is a junk bond?
b. What does a bond rating say about the risk of fluctuations in a bond’s value resulting from interest rate changes?
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a A junk bond is a highrisk bond that is rated below investment grade by credit rating agencies These bonds have a higher risk of default and are ofte...View the full answer
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Related Book For
Essentials Of Corporate Finance
ISBN: 9781265414962
11th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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