What are junk bonds? How might they be used in financing a corporation? 5. In issuing long-term…

What are
junk bonds? How might they be used in financing a corporation? 5. In issuing
long-term debt, which types of debt instruments would most likely be used by
(a) railroads? (b) public utilities? (c) strong industrial firms? How does a
money market preferred (MMP) stock differ from regular preferred stock?

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