________ Bonds Are Speculative,high-Risk,high-Interest-Rate Corporate (Or Municipal)IOUs Issued by Companies
________ bonds are speculative,high-risk,high-interest-rate corporate (or municipal) IOUs issued by companies (or municipalities) with poor or no credit ratings.
A) Junk
B) Municipal
C) Zero-coupon
D) Investment-grade
E) Deferred payment
Correct Answer:
Verified
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