Newly-issued high-yield bonds rated below investment grade by the bond-rating agencies are frequently referred to as
A. municipal bonds.
B. Yankee bonds.
C. "fallen angels."
D. junk bonds.
Answer:D
Newly-issued high-yield bonds rated below investment grade by the bond-rating agencies are frequently referred to as
A. municipal bonds. B. Yankee bonds. C. "fallen angels." D. junk bonds.