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What Were the "Junk Bonds" So Closely Associated with Michael

Question 19

Multiple Choice

What were the "junk bonds" so closely associated with Michael Milken?


A) Bonds issued by smaller, less established companies, but paying a higher interest
B) Bonds issued by blue chip corporations, paying a very small interest
C) Bonds issued by corporations attempting to defend themselves from takeover bids
D) Bonds issued by bankrupt businesses

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