题目
In the event of default, the recovery rate of which of the following bonds would most likely be the highest?
选项
A.First mortgage debt
B.Senior unsecured debt
C.Junior subordinate debt
答案
A
解析
： A is correct. First mortgage debt is senior secured debt and has the highest priority of claims. First mortgage debt also has the highest expected recovery rate. First mortgage debt refers to the pledge of specific property. Neither senior unsecured nor junior subordinate debt has any claims on specific assets. ： 这道题目问的是在违约的情况下，下列哪种债券的回收率是最高的？ A是正确的。第一抵押债务是优先担保债务，具有最高优先债权，第一抵押贷款债务的预期回收率也最高。高级无担保债务和低级次级债务对特定资产均无任何债权。