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QUESTION
5. Analyze the securities in the Metromedia offering. Why are there four tranches? Why not just use one tranche of simple debentures?
5. Analyze the securities in the Metromedia offering. Why are there four tranches? Why not just use one tranche of simple debentures? Assuming Anchor decides to invest in junk bonds in general, should it invest in any (or all) of the Metromedia securities? 6. What public policy issues, if any, do you see associated with junk bonds?
