Which of the following factors contributed to the collapse of the junk bond market?

Question

Quizplus · Accepted Answer

All three factors contributed to the collapse of the junk bond market. The default of integrated resources was one of the first major defaults in the junk bond market, causing investors to lose confidence. The bankruptcy of Drexel Burnham Lambert, a major player in the junk bond market, caused further panic and uncertainty. The LTV bankruptcy was another significant event that contributed to the collapse of the market.

Which of the Following Factors Contributed to the Collapse of the Junk