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Consider the bankruptcy process and rank the following from the investment that has the most financial security (highest seniority) to the least (lower seniority). The
Consider the bankruptcy process and rank the following from the investment that has the most financial security (highest seniority) to the least (lower seniority). The investment you think has the highest financial security / seniority would be a "l", the second highest a "2", and so on. Rank the options below. Unsecured Debt Common Stock (Equity) + Secured Debt Preferred Stock
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