All of the Following Statements About Junk Bonds Are True

question 85

Multiple Choice

All of the following statements about junk bonds are true EXCEPT

• A)they tend to be underwritten by merchant banks.
• B)their ratings by Moody's is Baa or less.
• C)their ratings by Standard & Poor's is BBB or less.
• D)they are riskier than other bonds.

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