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What Is a Bond's Seniority

Question 10

Multiple Choice

What is a bond's seniority?


A) the bondholder's priority in claiming assets in the event of default
B) clauses restricting a company from issuing new debt
C) the yield to maturity of a bond as compared to bonds of comparable rating
D) the issue price of the bond as compared to its face value
E) the time to maturity of a bond

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