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Professor Edward Altman is interviewed about junk bonds

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Excerpt from Marketplace -- "[Junk bonds is] such a negative term, junk, and in some ways misleading, said Edward Altman, a professor at the New York University Stern School of Business. 'We’ve got junk mail, junk food, junk yards,' Altman said, but many companies that issue high-yield debt are growing and adding jobs, 'And, indeed, this is a very good way for them to raise capital, especially, of late, in the low interest rate environment.'"

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