Which of the following bonds is most likely to default?

Question

Quizplus · Accepted Answer

A junk bond is a type of bond that has a higher risk of default than other types of bonds. They often have lower credit ratings and are issued by companies that have a higher likelihood of defaulting on their debt. Municipal bonds, federal government bonds, and corporate bonds issued by well-established companies like Tim Hortons are generally considered to be less risky and have a lower likelihood of defaulting.

Which of the Following Bonds Is Most Likely to Default