- CFA Exams
- CFA Level I Exam
- Topic 6. Fixed Income
- Learning Module 47. Fundamentals of Credit Analysis
- Subject 2. Seniority Ranking and Priority of Claims
CFA Practice Question
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
Correct Answer: B
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