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Junk Bonds: How High Yield Securities Restructured Corporate America

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Junk Bonds: How High Yield Securities Restructured Corporate America

Junk Bonds This is a study of the high yield bond market, popularly called junk bonds. The author has studied how companies that use junk bond financing compare in economic performance with their industry averages. This book shows that the performance of these companies was superior in the vast majority of cases.

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