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Basic Question 12 of 16
Debentures refer to ______.
B. unsecured debt
C. a mixture of debt and preferred stocks
A. secured debt
B. unsecured debt
C. a mixture of debt and preferred stocks
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Martin Rockenfeldt
Learning Outcome Statements
describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.