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Junk Bonds

By: iMinds
Narrated by: Emily Sophie Knapp
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Editorial reviews

Let’s say your brother-in-law asks you for a $100 loan. He has a terrible history of repayment. However, he tells you that if you give him a $100 loan today, he will give you a new car in two years. Is the car worth the risk? In this simplified scenario, the promise of the car is like a Junk Bond: an extremely high payout for a very high risk.

This audiobook, produced by iMinds and narrated by Emily Sophie Knapp, will introduce the listener to the history and present of Junk Bonds, including legal ramifications for their use. At once a legal and very risky type of investment, junk bonds remain a primary strategy for companies seeking start-up funds.

Publisher's summary

Learn about Junk Bonds with iMinds Money's insightful fast knowledge series. Junk bonds are bonds with a potential for high returns but which also come with many risks. A junk bond is like an IOU from an organisation that states the amount it will pay you back, the date it will pay you back and the interest it will pay you back. But what truly sets junk bonds apart from similar investments is the credit quality of their issuers. Whereas lenders of investment-grade bonds are financially reliable, a lender of junk bonds does not have a stable financial past. When one says that junk bonds are high risk, what is meant is that if you purchase a junk bond there is a chance you will never get your money back. This is because the finances of the issuer are regarded as so insecure that there is serious doubt as to whether it can pay the interest and redemption payments. And to add to the risks, many junk bond funds do not allow investors to cash out for one to two years. Therefore, investing in junk bonds requires a lot of analytical skills, including knowledge of specialised credit.

iMinds will hone your financial knowledge with its insightful series looking at topics related to Money, Investment and Finance.. whether an amateur or specialist in the field, iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind.

iMinds will hone your financial knowledge with its insightful series looking at topics related to Money, Investment and Finance.. whether an amateur or specialist in the field, iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind.iMinds unique fast-learning modules as seen in the Financial Times, Wired, Vogue, Robb Report, Sky News, LA Times, Mashable and many others... the future of general knowledge acquisition.

©2010 iMinds Pty Ltd (P)2010 iMinds Pty Ltd

Critic reviews

"I'm learning all sorts of stuff about stuff I didn't even know I didn't know. And it sticks. In a nutshell: wonderful." (Jonathon Margolis, Financial Times)

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