(Answered) Assume that a firm had such serious financial problems that

Finance

Assume that a firm had such serious financial problems that it was about to be liquidated after a bankruptcy. All of the firm's assets are about to be sold in order to pay the following claims against the firm: bondholders, preferred stockholders, common stockholders, and federal income taxes. Of the claims mentioned, what priority would common stockholders have?

A) First

B) Second

C) Third

D) Fourth

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