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Basic Question 3 of 4
Which statement is false regarding mezzanine debt? A. They are subordinate to senior debt but have priority over both preferred and common stock.
B. They are often unsecured, and carry higher yields than ordinary debt.
C. They are most commonly utilized in start-up or early-phase financing.
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Colin Sampaleanu
Learning Outcome Statements
explain features of private debt and its investment characteristics
CFA® 2025 Level I Curriculum, Volume 5, Module 3.