In 1977, ________ pioneered the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status.

Question

Quizplus · Accepted Answer

Michael Milken is credited with pioneering the concept of selling new public issues of junk bonds for companies that had not yet achieved investment-grade status. Milken's innovations in the junk bond market helped transform corporate finance in the 1980s.

In 1977, ________ Pioneered the Concept of Selling New Public