Junk Bonds Are Securities with

question 50

Multiple Choice

Junk bonds are securities with

• A) low risk and low yield.
• B) high risk and high yield.
• C) low risk and high yield.
• D) high risk and low yield.

---

Definitions:

Intended Beneficiary

A person for whom a contract is specifically made, who has the right to enforce the terms of the contract, even though they are not a party to it.

Promisee

An individual or entity to whom a promise or commitment is made.

Delegate Duty

The act of assigning one's responsibilities or tasks to another person, typically to someone subordinate.

Accountant

An accountant is a professional who performs financial functions related to the collection, accuracy, recording, analysis, and presentation of a business, organization, or individual's financial operations.