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In liquidation, the court should follow the APR, the Absolute Priority Rule. Which of the following is the LAST to gets paid off? Common Stockholders

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In liquidation, the court should follow the APR, the Absolute Priority Rule. Which of the following is the LAST to gets paid off? Common Stockholders Senior bondholders Preferred stockholders Subordinated debt In which of the following M&M (Modigliani & Miller) cases is there an optimal capital structure that is neither all debt nor all equity? Case 2 Case 4 Case 1 Case 3

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