What are junk bonds?[br][br][b][color=#347235]Question ...

[arivle123]

What are junk bonds?

Question 2

People who have dental insurance don't floss often enough. This is an example of
 A) asymmetric information.
  B) bad parenting.
  C) moral hazard.
  D) risk adverse behavior

[Tabitha_2016]

Answer to Question 1

Bonds that have financed leveraged buyouts (LBOs) are pejoratively known as junk bonds, whose higher yields reflect of their higher default probabilities.

Answer to Question 2

C

[arivle123]

Thanks for the timely response, appreciate it

[jojobee318]

Excellent