Which of the Following Statements Is Correct

Which of the following statements is correct?

A) Michael Milken pioneered an active high-yield bond market in the late 1970s that provided much needed capital to entrepreneurs and financial innovators.
B) Prior to Milken, the only junk bonds were those issued by once financially stable firms that had fallen on hard times.
C) Milken showed investors that, historically, junk bonds rarely defaulted and offered a very high return to those willing to assume the risk of owning them.
D) All of these statements are correct.

Correct Answer:

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