- 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 U.S., the bias is toward ______.
B. liquidation of companies in bankruptcy
C. maximizing value to senior creditors
A. reorganization and recovery of companies in bankruptcy
B. liquidation of companies in bankruptcy
C. maximizing value to senior creditors
Correct Answer: A
User Contributed Comments 1
| User | Comment |
|---|---|
| Rohule | chapter 7 asd 11 |