- CFA Exams
- CFA Exam: Level I 2021
- Study Session 15. Fixed Income (2)
- Reading 47. Fundamentals of Credit Analysis
- Subject 2. Seniority Ranking and Priority of Claims
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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