As junk bonds are high-risk instruments, the returns on such bonds are not very high.
Answer the following statement true (T) or false (F)
False
Junk bonds are high-risk, high-yield bonds often issued to finance a management buyout (MBO), a merger, or a troubled company. In junk bond deals, firms generally have significant amounts of debt so bondholders must bear as much risk as stockholders normally would. The high yields on these bonds reflect this fact. See 6-1: Characteristics and Types of Debt
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What will be an ideal response?
A restrictive covenant is temporary and binds only the present owner of property
Indicate whether the statement is true or false
Who drafted the consumer bill of rights?
A. Bill Clinton B. John F. Kennedy C. Ralph Nader D. Ronald Reagan E. Donald Trump
Two commonly used factors in a performance appraisal are an employee's use of effective telephone techniques and punctuality
Indicate whether the statement is true or false.