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Which one of the following investors has the highest priority to claim the firm's cash flows? In other words, the firm needs to use its

Which one of the following investors has the highest priority to claim the firm's cash flows? In other words, the firm needs to use its cash inflows to pay which investor first?

Group of answer choices

a. common shareholder

b. preferred shareholder

c. bond holder

d. all the above three choices have equal priority

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