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Basic Question 1 of 7
What is the most common type of all corporate bonds outstanding?
B. senior unsecured debt
C. subordinated debt
A. senior secured debt
B. senior unsecured debt
C. subordinated debt
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe seniority rankings of corporate debt and explain the potential violation of the priority of claims in a bankruptcy proceeding;
CFA® 2024 Level I Curriculum, Volume 5, Module 47.