Questions on high yield bond

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Reference no: EM1338701

1. Are High Yield (formerly referred to as "Junk") Bonds necessarily a bad investment? On what would this depend?

2. What is the financial impact on a company when their debt rating is viewed as "High Yield"?

3. What specific steps must a firm undertake to improve their credit rating under the current rating system?

Reference no: EM1338701

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