So-called fallen angels differ from junk bonds in that
A. junk bonds refer to newly issued bonds with low credit ratings.
B. fallen angels refer to previously issued bonds that have had their credit ratings fall below Baa.
C. fallen angels refer to newly issued bonds with low credit ratings.
D. both (a) and (b) of the above.
Answer:D
So-called fallen angels differ from junk bonds in that
A. junk bonds refer to newly issued bonds with low credit ratings. B. fallen angels refer to previously issued bonds that have had their credit ratings fall below Baa. C. fallen angels refer to newly issued bonds with low credit ratings. D. both (a) and (b) of the above.