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Basic Question 12 of 16
Debentures refer to ______.
B. unsecured debt
C. a mixture of debt and preferred stocks
A. secured debt
B. unsecured debt
C. a mixture of debt and preferred stocks
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I used your notes and passed ... highly recommended!
Lauren
Learning Outcome Statements
describe the seniority rankings of debt, secured versus unsecured debt and the priority of claims in bankruptcy, and their impact on credit ratings
CFA® 2025 Level I Curriculum, Volume 4, Module 16.