559FinanceMedium
The bonds that are considered as junk bonds and termed as higher yield are classified as ________?
Aordinate debentures
Bsubordinated debentures
Cpremium debentures
Dexpansion debentures
Correct answer
B. subordinated debentures
Explanation
subordinated debentures is the correct answer. Review the question and compare it with the other choices to remember this fact for future exams.