- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 16. Credit Analysis for Corporate Issuers
- Subject 3. Seniority Rankings, Recovery Rates, and Credit Ratings
CFA Practice Question
In the event of bankruptcy, which group gets paid first?
B. subordinate creditors
C. equity investors
A. senior creditors
B. subordinate creditors
C. equity investors
Correct Answer: A
This is true in principle.
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