The junk bond market includes all of the following except:
A)fallen angels.
B)profitable companies undergoing expansion.
C)growth companies (small firms not that well established, making them unable to receive an investment quality rating).
D)companies undergoing restructuring because of a leveraged buyout (LBO) or unfriendly takeover.

Question

Quizplus · Accepted Answer

Profitable companies undergoing expansion would not be part of the junk bond market. These companies can issue debt at lower interest rates because of their profitable performance.

The Junk Bond Market Includes All of the Following Except