The Holder of Which One of These Securities Has First

question 61

Multiple Choice

The holder of which one of these securities has first claim on the assets of a firm?

• A)senior debt
• B)common stock
• C)subordinated debt
• D)preferred stock

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Definitions:

Sagittal

Pertaining to or in a plane that divides the body into right and left parts, generally used in anatomical descriptions.

Horizontal

Parallel to the ground or to the bottom edge of a page, creating a left and right orientation.

Hemorrhagic Stroke

A stroke resulting from bleeding from a blood vessel.