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Junk Bonds
A high-risk, non-investment-grade bond with a low credit rating, usually BB or lower; as a consequence, it usually has a high yield. In the mid-1980’s, junk bonds were used to finance corporate takeovers and leveraged buyouts.
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Junk Bonds
A high-risk, non-investment-grade bond with a low credit rating, usually BB or lower; as a consequence, it usually has a high yield. In the mid-1980’s, junk bonds were used to finance corporate takeovers and leveraged buyouts.
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