Which one of the following types of securities has no priority in a bankruptcy proceeding?

Name: Which one of the following types of securities has no priority in a bankruptcy proceeding?
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Question

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Common stock has no priority in a bankruptcy proceeding. In the event of bankruptcy, creditors and those holding senior debt are paid first, followed by those holding preferred stock and convertible bonds, and finally, common stockholders receive anything that is left over, if anything.

Which One of the Following Types of Securities Has No