Question 6 A corporate security is usually recognized to be a contingent claim. What does this mean? O no payoff will be made unless the firm makes more than the fixed claim of the debt. O no debt payoff will be made unless there is an equity payoff. O debtholders will receive the maximum of the firm cash flows or the fixed claim. O debtholders will receive their payoff from the firm based on their fixed claim or the firm cash flows if less than the fixed claim. None of the above