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Instructions: Identify the Following

question 5

Essay

Instructions: Identify the following. Be as specific as possible, and include names, dates, and relevant facts as appropriate. Be sure to explain the significance of the person or term.
John Hay, Open Door Notes


Definitions:

Secured Bonds

Bonds that are backed by specific collateral that must be forfeited in the event that the issuing firm defaults.

Junk Bonds

High-yield, high-risk securities issued by corporations or municipalities considered to be at greater risk of default.

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