33)

In the event a firm becomes insolvent (bankrupt), in what order do bond holders, common shareholders, and peterred stockholders get paid, relative to one another? Select one: a. bankruptcy proceeds go to the government, nothing goes to bond holders, common shareholders, or pretered stockholders b. common shareholders first, bond holders second, preterred stockholders last c. bond holders first, common shareholders second, preferred stockholders last d. bond holders first, preferred stockholders second, common shareholders last e. preferred stockholders first, common shareholders second, bond holders last f. bankruptcy proceeds are split evenly across bond holders, common sharaholders, and prefered stociholder g. preferred stockholders first, bond holders second, common shareholders last