Question: 31.Which statement about a junk bond is incorrect? a. These bonds are issued by smaller companies with a high risk of default b. These bonds

31.Which statement about a junk bond is incorrect?

a.

These bonds are issued by smaller companies with a high risk of default
b.

These bonds pay less interest than the higher rated bonds
c.

There is a high chance that the issuing company would not be able to make the ongoing interest payments or pay back the principal
d.

Usually, investors with a high-risk tolerance invest in junk bonds

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