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1a. Over ninety percent of defaulted bonds were speculative grade at the time of default. (True or False) 1b. The average recovery rate for senior
1a. Over ninety percent of defaulted bonds were speculative grade at the time of default. (True or False)
1b. The average recovery rate for senior debt on a defaulted bond is 55 to 65%. (True or False)
1c. Credit spreads are the difference between the contract return and the risk-free rate. (True or False)
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