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lythong266 lythong266
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A year ago
Junk bonds are bonds rated less than BBB and are noninvestment-grade debt. They are often issued by companies with a high credit risk. However, “fallen angels” are junk bonds that were originally highly rated when issued, but whose ratings have declined because the issuing corporation has fallen on hard times.


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Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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traumajefftraumajeff
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Thanks
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This site is awesome
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You make an excellent tutor!
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