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Which of the following is usually used to define the recovery rate of a bond? The amount finally realized by a bondholder as a percent
Which of the following is usually used to define the recovery rate of a bond?
The amount finally realized by a bondholder as a percent of face value. | ||
The value of the bond immediately after default as a percent of the sum of the bonds face value and accrued interest. | ||
The value of the bond immediately after default as a percent of its face value | ||
The amount finally realized by a bondholder as a percent of the sum of the bonds face value and accrued interest. |
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