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Basic Question 13 of 16
Higher priority of claim means ______.
II. higher recovery rate
III. lower loss severity
I. lower probability of default
II. higher recovery rate
III. lower loss severity
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.