Question
1. May I ask what the priority ranking in bankruptcy proceedings is among preferred stock, senior debt(Is it the same as senior loan?), straight bond,
1. May I ask what the priority ranking in bankruptcy proceedings is among preferred stock, senior debt(Is it the same as senior loan?), straight bond, convertible bond, and syndicated bond? May I ask if the priority ranking among equity, debt and loan is equity < debt < loan?
2. May I ask if Mezzanine debt is subordinate to senior debt? Thank you very much!
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Mathematics Of Finance
Authors: Robert Brown, Steve Kopp, Petr Zima
8th Edition
0070876460, 978-0070876460
