Case: Metromedia Broadcasting CorporationWhy were returns on junk bonds less vol

Case: Metromedia Broadcasting CorporationWhy were returns on junk bonds less volatile than those on investment grade bonds over the period 1982-1984? Regardless of your view of the credit risk of Metromedia, should Anchor Savings invest in high yield bond asset class?(please answer both quantitatively and qualitatively, the answer should be one page single space)

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