The Recovery Rate of a Bond Is Normally Defined As

The recovery rate of a bond is normally defined as: choose one)

A) The value of the bond immediately after default as a per cent of its face value
B) The value of the bond immediately after default as a per cent of the sum of the bond's face value and accrued interest
C) The amount finally realised by a bondholder as a per cent of face value
D) The amount finally realised by a bondholder as a per cent of the sum of the bond's face value and accrued interest