Bonds and loans of various kinds have different average recovery rates in the event of...
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Bonds and loans of various kinds have different average recovery rates in the event of default. Which statement is false? a. Bonds have lower recoveries than bank loans. b. Revolving loans have lower recoveries than term loans. c. Senior subordinated bonds have lower recoveries than Senior Unsecured bonds. d. Second lien loans have lower recoveries than first lien loans. e. Senior unsecured bonds have lower recoveries than Senior Secured bonds.
Bonds and loans of various kinds have different average recovery rates in the event of default. Which statement is false?
a. Bonds have lower recoveries than bank loans.
b. Revolving loans have lower recoveries than term loans.
c. Senior subordinated bonds have lower recoveries than Senior Unsecured bonds.
d. Second lien loans have lower recoveries than first lien loans.
e. Senior unsecured bonds have lower recoveries than Senior Secured bonds.
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