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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Essentials Of Corporate Finance

ISBN: 9781265414962

11th Edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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Question Posted: Dec 30, 2022 08:36 AM

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a. What is a junk bond? b. What does a bond rating say about the risk of

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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

Essentials Of Corporate Finance

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