How Long to Read Junk Bonds

How Long Does it Take to Read Junk Bonds?

It takes the average reader 4 hours and 28 minutes to read Junk Bonds by Glenn Yago

Assuming a reading speed of 250 words per minute. Learn more

Description

The junk bond, the fastest growing financial instrument of the 1980s, as been linked to all that is wrong with Wall Street. But in Junk Bonds, economist Glenn Yago argues that, despite the bad press, these high yield securities are still one of the most efficient and equitable ways for American companies to finance their futures. Yago points out that, before junk bonds, conservative investors like insurance companies, pension funds, and bank trust departments placed their capital primarily in investment-grade securities--and only five percent of the American companies with sales over $35 million qualify to issue investment grade bonds. In effect, ninety-five percent of the nation's mid-sized firms were frozen out of the public debt market. Junk bonds changed all that. In addition, Yago argues that the much-maligned divestitures associated with junk bond-funded buyouts were not necessarily destructive; many sold-off units, he writes, flourished under new management structures. Yago concludes that we have witnessed a fundamental restructuring of corporate America, made possible in part by high yield financing. The result is a bright future as American businesses return to productivity and competitiveness, one that will benefit managers, stockholders, and workers alike.

How long is Junk Bonds?

Junk Bonds by Glenn Yago is 264 pages long, and a total of 67,056 words.

This makes it 89% the length of the average book. It also has 82% more words than the average book.

How Long Does it Take to Read Junk Bonds Aloud?

The average oral reading speed is 183 words per minute. This means it takes 6 hours and 6 minutes to read Junk Bonds aloud.

What Reading Level is Junk Bonds?

Junk Bonds is suitable for students ages 12 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Junk Bonds?

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