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If a firm is liquidated, according to priority rules, A. If subordinated debtholders receive some money in the liquidation, then shareholders also receive some money

If a firm is liquidated, according to priority rules,

A. If subordinated debtholders receive some money in the liquidation, then shareholders also receive some money

B. If shareholders receive some money in the liquidation, then subordinated debtholders are repaid in full

C. None of these statements is true

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