Michael Milkman has suggested that you consider the purchase of some bonds that are rated BB or below.He is asking you to purchase ________ bonds.

Question

Quizplus · Accepted Answer

Bonds rated BB or below are considered to be high-risk but also high-yield, often referred to as "junk bonds." This term reflects their lower credit quality and higher default risk, but they offer higher interest rates to compensate for these risks. Therefore, all the options provided (junk, very risky, high-yield) accurately describe bonds rated BB or below.

Michael Milkman Has Suggested That You Consider the Purchase of Some