Bonds that pay very high interest rates and typically have a higher risk of default are known as

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Bonds that pay very high interest rates and typically have a higher risk of default are known as junk bonds. Zero-coupon bonds do not pay interest and are sold at a discount, bearer bonds are not registered and can be owned by anyone who holds them, and volatile bonds may have fluctuations in their market value but do not necessarily have a high risk of default.

Bonds That Pay Very High Interest Rates and Typically Have