Which one of the following terms is most associated with the ranking of a debt should a firm declare bankruptcy?

A) seniority

B) indenture

C) sinking fund

D) positive covenant

Currently, the bond market requires a return of 11.6 percent on the 10-year bonds issued by Winston Industries. The 11.6 percent is referred to as which one of the following?

A)coupon rate

B)face rate

C)call rate

D)yield to maturity