High-yield debt that is rated below investment grade at the time of purchase and, beginning in the 1980s, has often been used in mergers and acquisitions is called

Name: High-yield debt that is rated below investment grade at the time of purchase and, beginning in the 1980s, has often been used in mergers and acquisitions is called
Brand: Quizplus
Rating: 4.7 (42 reviews)

Question

Quizplus · Accepted Answer

Junk bonds are high-yield debt securities rated below investment grade, often used in mergers and acquisitions, especially since the 1980s.

High-Yield Debt That Is Rated Below Investment Grade at the Time