In the early 1980s michael milken developed the low-grade, Ask an Expert

Economics

In the early 1980s, Michael Milken developed the low-grade bond (or junk bond) for corporate finance. Throughout the 1980s, these were used by firms to finance leveraged buyouts (purchasing a controlling interest in a company’s shares using money raised with junk bonds). How did the corporate income tax aid leveraged buyouts

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91673299

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