1. Which of the following comes first in the Corporate stack?

a Line of Credit

b. Term Loans

c. High Yield Bonds

d. PIKS

e. Vendor Loans

Answer _____

2. Which of the following comes last in the Corporate stack?

a Line of Credit

b. Term Loans

c. High Yield Bonds

d. PIKS

e. Vendor Loans

Answer _____

3. Which of the following would be used to measure debt capacity?

a Level of EBITDA

b. Total Debt / EBITDA

c. EBITDA / Total Debt

d. Answers a and b

e. Answers a and c

Answer _____

4. Which of the following describes the order of the Capital Stack?

a Equity, Subordinated Debt, Senior Debt

b Equity, Senior Debt, Subordinated Debt

c. Subordinated Debt, Senior Debt, Equity

d. Senior Debt, Equity, Subordinated Debt

e. Senior Debt, Subordinated Debt, Equity

Answer _____