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What are junk bonds?
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What are junk bonds?

User Denis Otkidach
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Answer:

a junk bond is an investment in debt. A company or a government raises a sum of money by issuing IOUs stating the amount it is borrowing (the principal), the date it will return your money (maturity date), and the interest rate (coupon) it will pay you on the borrowed money.

User Todd Agulnick
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