The holder of which one of these securities has first claim on the assets of a firm?
A)senior debt
B)common stock
C)subordinated debt
D)preferred stock

Question

Quizplus · Accepted Answer

Senior debt holders have the highest priority claim on a firm's assets in the event of bankruptcy or liquidation. They must be repaid before other creditors, including subordinated debt holders and preferred stockholders, and have priority over common stockholders.

The Holder of Which One of These Securities Has First