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Which of the following is FALSE ? Debt Holders are paid before Equity Holders If a company fails to pay the debt holders, debt holders

Which of the following is FALSE?

Debt Holders are paid before Equity Holders

If a company fails to pay the debt holders, debt holders take control of the firm

Debt Payments are fixed while Equity Payments are not fixed

Debt holders have limited liability while Equity holders do not have limited liability

Equity holders are owners of the firm while debt holders are not

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