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Which one of the following statements is true? Debt instruments offer residual claims to future cash payouts O Preferred shareholders are the first investors to

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Which one of the following statements is true? Debt instruments offer residual claims to future cash payouts O Preferred shareholders are the first investors to be repaid in bankruptcy liquidation Bonds with call provisions will have lower coupon rates than otherwise identical bonds In case of bankruptcy, junk bonds have higher priority than preferred stock Next

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