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NEW QUESTION: 1
Which one of the following four statements on the seniority of corporate bonds is incorrect?
A. In bankruptcy, holders of senior bonds are paid in full before any holders of subordinated bonds receive payment.
B. Seniority refers to the priority of a bond in bankruptcy.
C. Junior bonds always pay higher coupons than subordinated bonds.
D. Senior bonds typically have lower credit spreads than junior bonds with the same maturity and payment characteristics.
Answer: C

NEW QUESTION: 2


Answer:
Explanation:

Explanation



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