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In the Hierarchy or Priority of a Company's Securities, the fiRst

Question 17

Multiple Choice

In the hierarchy or priority of a company's securities, the first and the last capital providers to get a claim on the assets of a bankrupt company are___________and____________respectively.


A) Senior unsecured debt holders / Preference share holders
B) Second lien loan holders / Ordinary equity holders
C) Senior secured debt holders / Ordinary equity holders
D) Senior secured debt holders / Subordinated debt holders
E) Senior unsecured debt holders / Shareholder loans

Correct Answer:

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