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I. Guidelines & policies around loss-given-default (LGD) and recovery rates are location and lender-specific, however, leases generally have ______ LGD compared to term loans. Which
I. Guidelines & policies around loss-given-default (LGD) and recovery rates are location and lender-specific, however, leases generally have ______ LGD compared to term loans. Which word best fits in the blank?
A. A higher
B. A lower
C. An equal
II. A lenders aggregate exposure is generally higher under a ________ _________ compared to a term loan. Fill in the blank. (Hint: 2 words)
Answer I and II. Thank you!!!
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