Question: A) Briefly explain the difference between the common stock and a senior debenture of the same company in terms of their differing claims on the

A) Briefly explain the difference between the common stock and a senior debenture of the same company in terms of their differing claims on the firm's assets and future cash flows. B) Assuming the company is successful, which of the two securities has a greater potential for rewards in the future? C) Assuming the company has economic difficulty and was not able to make a scheduled interest payment on its senior debt, can the company pay a dividend to shareholders?

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