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A) will be paid before the bondholders when the firm is in liquidation. B) will be paid before common stockholders when the firm is in

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A) will be paid before the bondholders when the firm is in liquidation. B) will be paid before common stockholders when the firm is in liquidation. C) reflects residual ownership of a company. D) always has a legal and specific claim to a fixed amount of the firm's cash flows (listed as a liability)

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