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Which of the following is the correct ordering of the capital stack (From most secure to least secure? Please could someone help me with the

Which of the following is the correct ordering of the capital stack (From most secure to least secure?

Please could someone help me with the answer and why?

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21 Re Which of the following is the correct ordering of the capital stack (from most secure to least secure)? OOO Term loan-> High yield bonds -> Common shares Term loan -> Common shares-> Mezzanine debt Vendor notes -> Preferred shares -> Revolver debt Preferred shares-> High yield bonds - Revolver debt

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