The emergence of the junk bond as a financing tool contributed significantly to the merger and acquisition activity of the 1980s. Describe the junk bond and explain the premise on which its popularity grew. What was the inherent flaw in the rationale?

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The Answer of The emergence of the junk bond as a financing tool contributed significantly to the merger and acquisition activity of the 1980s. Describe the junk bond and explain the premise on which its popularity grew. What was the inherent flaw in the rationale?

The Emergence of the Junk Bond as a Financing Tool