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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FM Exams › Ranking of long term capital
Sir could u kindly let me know if this is correct for ranking long term capital in order of preference at liquidation?
Straight debt
Convertible debt
Unsecured debt
Preference shares
Ordinary shares
Correct 🙂
Secured debt will be above convertibles in the list or below?
Above – I assume that is what he was meaning by ‘straight debt’
