High-risk, high-yield junk bonds have declined in popularity during the early 1990s due to
A. the decline in mergers and takeovers, which these bonds were used to finance.
B. the declining need of growth capital.
C. the stabilizing of interest rates.
D. a number of major defaults on these bonds.
Answer:D
High-risk, high-yield junk bonds have declined in popularity during the early 1990s due to
A. the decline in mergers and takeovers, which these bonds were used to finance. B. the declining need of growth capital. C. the stabilizing of interest rates. D. a number of major defaults on these bonds.