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If a company defaults on its bonds: A. Debentures have a superior position to other bonds. B. subordinate debt is redeemed before senior debt. C.

If a company defaults on its bonds: A. Debentures have a superior position to other bonds. B. subordinate debt is redeemed before senior debt. C. interest continues to accrue but may not be paid. D. equipment trust certificates have an inferior position to income bonds

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