Junk bond market financing became more important in mergers and corporate restructurings because:
A) firms can issue only limited amounts of debt.
B) there was a large supply of junk bonds.
C) the marketability of junk bonds increased.
D) this permitted firms to have much higher debt-equity ratios.
Correct Answer:
Verified
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Q34: Bonds below BBB or Baa are called:
A)
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Q40: Floating rate bonds are bonds with:
A) floating
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