Given a text T, and several options, according to the question posed in the text T to choose the most appropriate option from the options as the answer, please directly output the most appropriate option, do not need to output the explanation.

Loss severity is best described as the:
Option A:default probability multiplied by the loss given default.
Option B:portion of a bond’s value recovered by bondholders in the event of default.
Option C:portion of a bond’s value, including unpaid interest, an investor loses in the event of default.

Answer: C