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June 30, 2017
clean up
+233
Junk bonds have been used to finance hostile takeovers, as in the takeover craze of the 1980s.
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copy edit
m-1
Created page with "A '''junk bond''' is a risky, interest-bearing investment that pays a high rate of return in order to compensate for the likelihood of default (non-payment). The credit ratin..."
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