What is meant by the term junk bond? What quality rating does it fail to meet?

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Fundamentals of Investment Management

ISBN: 978-0078034626

10th edition

Authors: Geoffrey Hirt, Stanley Block

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Question Posted: Sep 21, 2015 05:29 AM

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What is meant by the term junk bond? What quality rating does it fail to meet?

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A lower quality bond is sometimes referred to ...View the full answer

Fundamentals of Investment Management

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