In the event of a bankruptcy,the priority of claims (highest to lowest) on the assets of the company is:
A) secured senior debt,unsecured senior debt,preferred shareholders,common shareholders.
B) common shareholders,preferred shareholders,unsecured senior debt,secured senior debt.
C) unsecured senior debt,secured junior debt,preferred shareholders,common shareholders.
D) unsecured subordinate debt,secured junior debt,preferred shareholders,common shareholders.
Correct Answer:
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