High-yield bonds (also known as ________ bonds)are corporate bonds that are issued by organizations that do not qualify for "investment-grade" ratings.

Question

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High-yield bonds are commonly referred to as "junk" bonds because they are considered risky investments due to the fact that they are issued by organizations with non-investment grade credit ratings. It is important to note that the term "junk" does not necessarily indicate a lack of quality, but rather a higher risk for default or failure to repay the bond.

High-Yield Bonds (Also Known as ________ Bonds)are Corporate Bonds That