In 1977,he pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status.
A)Michael Milken
B)Roger Milliken
C)Ivan Boesky
D)Carl Icahn

Question

Quizplus · Accepted Answer

Michael Milken, also known as the "junk bond king," was a pioneer in selling new public issues of junk bonds for companies that had not yet achieved investment-grade status. He helped to popularize the use of high-yield bonds as a way for companies to raise capital and was a key player in the financial markets of the 1980s.

In 1977,he Pioneered the Concept of Selling New Public Issues