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There can generally be up to five main instrument types within any entity structure: Secured Debt Tokens Shares Subordinated Debt Hybrids. Order these instruments from

There can generally be up to five main instrument types within any entity structure: Secured Debt Tokens Shares Subordinated Debt Hybrids. Order these instruments from 1 to 5 in terms of capital structure claims against corporate assets (1 is lowest risk, highest claim to 5 is highest risk, lowest claim)? Briefly discuss why you ranked each?

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