1) Who is most senior in the "pecking order" within bankruptcy proceedings? (2 points) a. Secured Debt b. Unsecured Debt c. Preferred Equity d. Common Equity 2) The absolute priority rule is almost always followed in practice. a. True b. False 3) What is the name of a specific type of bond that was originally investment grade but fell to noninvestment grade: ( 2 points) a. Old Investment Grade Bond b. Fallen Angel c. Original-issue high-yield bonds 4) A leveraged loan is a bank loan to a firm that has a(n) rating. ( 2 points) a. AA b. Investment grade c. Below investment grade 5) A county wants to issue municipal debt to pay for a toll road that is believed to benefit the public at large. This debt would mostly be issued as a... (2 points) a. Tax Exempt Revenue Bond b. Tax Exempt Tax-backed Bond c. Taxable Revenue Bond d. Taxable Tax-Exempt Bond