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3. In the event of default , debentures' claims will most likely rank: B A. above that of secured debt holders. B. below that of

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3. In the event of default , debentures' claims will most likely rank: B A. above that of secured debt holders. B. below that of secured debt holders. C. the same as that of secured debt holders. 4. In the event of default, the recovery rate of which of the following bonds would most likely be the highest? A. First mortgage debt B. Senior unsecured debt C. Junior subordinate debt

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