Which of the following statements are correct in respect to high-yield bonds?

I. They are junk bonds with highly unpredictable rates of return.
II. The issuing corporation usually has an excessive amount of debt.
III. They possess a high level of default and market risk.
IV. They are often subordinated debentures.

A) I, II and III only
B) II, III and IV only
C) I and III only
D) I, II, III and IV

Answer: D

Business

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A) turnover is wholly determined by the condition of the labour market. B) job satisfaction depends on the condition of the labour market. C) workers will be less likely to quit their jobs in a strong labour market. D) the condition of the labour market influences the extent to which satisfaction predicts turnover. E) turnover will result in job dissatisfaction when jobs are plentiful.

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a. true b. false

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