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    Exam 8: The Risk Structure of Interest Rates: Defaults, Prepayments, Taxes, and Other Rate-Determining Factors
  5. Question
    The Rise in New Junk Bond Offerings During the 1990s
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The Rise in New Junk Bond Offerings During the 1990s

Question 38

Question 38

True/False

The rise in new junk bond offerings during the 1990s can be traced to more borrowing companies bypassing rigid and expensive bank loans as a source of credit and an upward surge of corporate mergers financed by junk bond issues.

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