________ are debt rated Ba or lower by Moody's or BB or lower by Standard & Poor's and are commonly used by rapidly growing firms to obtain growth capital, most often to finance mergers and takeovers of other firms, particularly during the 1980s.

Question

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Junk bonds are debt securities that are rated below investment grade by credit rating agencies such as Moody's and Standard & Poor's. These bonds have a higher risk of default but offer higher yields to investors. Rapidly growing firms often use junk bonds to obtain growth capital for mergers and acquisitions, particularly during the 1980s. Subordinated debentures, mortgage bonds, and equipment trust certificates are different types of debt securities with their own characteristics and uses.

________ Are Debt Rated Ba or Lower by Moody's or BB