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Which of the statements below about recovery rates is/are true? Group of answer choices Neither statement is true. Both statements are true. Statement 1: On

Which of the statements below about recovery rates is/are true?

Group of answer choices

Neither statement is true.

Both statements are true.

Statement 1: On average, the recovery rate on secured debt is higher than that on unsecured debt

Statement 2: On average, the recovery rate on junior debt is higher than that on senior debt

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