THE ZERA COMPANY HAS BORROWED CAPITAL BY ISSUING A NUMBER OF DIFFE...

87. - MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

MOCK AND SAMPLE EXAMS CFA LEVEL I MOCK EXAM AFTERNOON VERSIONB QUESTIONS 2014

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87. The Zera Company has borrowed capital by issuing a number of different securities. Which of the

following most likely ranks the highest with respect to priority of payments?

A. Third lien debt

B. Subordinate loan

C. Senior unsecured bond