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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 using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
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® 2024 Level I Curriculum, Volume 4, Module 16.