Investing in Junk Bonds : Inside the High Yield Debt Market

Originally printed in 1987, this book examines the rise and operation of the high-yield debt market typified by the junk bond. It discusses expected yields, realized returns, default, market growth, credit quality, mergers and acquisitions, investment strategies, and related topics. Altman teaches finance at New York University. Nanmacher is a consultant. Annotation (c) Book News, Inc., Portland, OR (booknews.com)