What is the pecking order of payments (from first to last) for a firm’

What is the pecking order of payments (from first to last) for a firm’s creditors and owners?

A) bondholders, then preferred stockholders, then common stockholders
B) preferred stockholders, then common stockholders, then bondholders
C) common stockholders, then bondholders, then preferred stockholders
D) bondholders, then common stockholders, then preferred stockholders

 

 

ANSWER

A

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