________ 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.

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Junk bonds are debt securities with a rating of Ba or lower by Moody's or BB or lower by Standard & Poor's. They are commonly used by rapidly growing firms to obtain growth capital, most often to finance mergers and takeovers. Subordinated debentures, mortgage bonds, and equipment trust certificates are different types of debt securities with different characteristics and uses.

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