Junk Bonds Are High Risk, High Yield Debt Instruments

question 70

True/False

Junk bonds are high risk, high yield debt instruments.They are often used to finance leveraged buyouts and mergers, and to provide financing to companies of questionable financial strength.

---

Definitions:

Sports Illustrated

An American sports magazine known for its extensive coverage of all types of sports, famous for its annual swimsuit issue.

Everglades

A vast, marshy, subtropical wetland in Florida, known for its unique ecosystem and wildlife.

Pickup Truck

A light motor vehicle with an open-top rear cargo area (bed) which is often used for carrying goods.

Barack Obama

The 44th President of the United States, serving from 2009 to 2017, and the first African American to hold the office.