RX Interview Question
if there's a bond that matures before a bank loan in a debt/capital structure, does the bond get repayment priority when the company liquidates? or would the bank loan still get priority because it's a more senior form of debt?
if there's a bond that matures before a bank loan in a debt/capital structure, does the bond get repayment priority when the company liquidates? or would the bank loan still get priority because it's a more senior form of debt?
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