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Basic Question 15 of 16
In the event of bankruptcy, which group gets paid first?
B. subordinate creditors
C. equity investors
A. senior creditors
B. subordinate creditors
C. equity investors
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
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.