SIE - Securities Industry Essentials Exam

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In the event of a corporate liquidation, which of the following has the highest priority to corporate assets?

Convertible Bonds
A
Unsecured Debt
B
Secured Debt
C
Callable Preferred Stock
D

Explanations

Secured debt has priority over unsecured debt. Unsecured debt includes bonds. Lastly is the stock - with common stock being the last on the food chain.