Junk bonds are attractive to investors because they carry a high rate of interest and are usually convertible into a specified number of shares of capital stock.

Name: Junk bonds are attractive to investors because they carry a high rate of interest and are usually convertible into a specified number of shares of capital stock.
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Junk bonds are attractive due to their high yield, but they are not typically convertible into shares. They are high-risk, high-return debt securities.

Junk Bonds Are Attractive to Investors Because They Carry a High