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Consider a firm that has issued the following types of securities: mortgage bonds, preferred stock, common stock, debentures, and subordinated debentures. For investors who own

Consider a firm that has issued the following types of securities: mortgage bonds, preferred stock, common stock, debentures, and subordinated debentures. For investors who own mortgage bonds, what's their order to have their claim paid in case of a bankruptcy?

A. last

B. fourth

C. third

D. first

E. second

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