What are junk bonds?

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Delosreyesmilagros7idn Delosreyesmilagros7idn

01-12-2021
Business

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What are junk bonds?

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Talanatidn Talanatidn · Answer 1 · 2021-12-01T05:43:05-05:00

Talanatidn Talanatidn

01-12-2021

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.

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