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Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), [2] and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. [3]
This page was last edited on 2 December 2023, at 08:25 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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In finance, a high-yield bond (non-investment-grade bond, speculative-grade bond, or junk bond) is a bond that is rated below investment grade by credit rating agencies. These bonds have a higher risk of default or other adverse credit events but offer higher yields than investment-grade bonds to compensate for the increased risk.
This page was last edited on 9 March 2009, at 15:34 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
The ampersand (&) has sometimes appeared at the end of the English alphabet, as in Byrhtferð's list of letters in 1011. [2] & was regarded as the 27th letter of the English alphabet, as taught to children in the US and elsewhere. [vague] An example may be seen in M. B. Moore's 1863 book The Dixie Primer, for the Little Folks. [3]
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