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Which of the Following Statements Are Correct in Respect to High-

question 58

Multiple Choice

Which of the following statements are correct in respect to high- yield bonds?
I. They are junk bonds with highly unpredictable rates of return.
II. The issuing corporation usually has an excessive amount of debt.
III. They possess a high level of default and market risk.
IV. They are often subordinated debentures.

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