A junk bond is also known as:
A)a second mortgage
B)a high yield bond
C)a line of credit
D)a subordinated unsecured bond

Name: A junk bond is also known as: A)a second mortgage B)a high yield bond C)a line of credit D)a subordinated unsecured bond
Brand: Quizplus
Rating: 4.8 (33 reviews)

Question

Quizplus · Accepted Answer

A junk bond is a high yield bond, meaning it has a higher interest rate than investment grade bonds due to its higher risk of default. It is not a second mortgage, line of credit, or subordinated unsecured bond.

A Junk Bond Is Also Known As