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QUESTION 16 Which of the following types of securities will have the lowest priority in the event of liquidation (insolvency)? O Preferred stock Subordinated debt

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QUESTION 16 Which of the following types of securities will have the lowest priority in the event of liquidation (insolvency)? O Preferred stock Subordinated debt Senior unsecured debt O Secured debt QUESTION 17 Compute the expected yield to maturity for a 10-year zero coupon bond that is priced at 61.625% of par value. (Annual) T T T Arial 3 (12pt) TE

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