High-risk, high-yield junk bonds have declined in popularity over time due to ________.

Name: High-risk, high-yield junk bonds have declined in popularity over time due to ________.
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Question

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The best choice is D as a number of major defaults on junk bonds have led to a decline in their popularity over time. This includes the high-profile bankruptcy of Drexel Burnham Lambert, which was a major player in the junk bond market. The other choices do not directly explain the decline in popularity of junk bonds.

High-Risk, High-Yield Junk Bonds Have Declined in Popularity Over Time