Question: A subordinated debenture is Blank______. Multiple choice question. long-term secured debt that receives payment after designated senior debenture holders short-term secured debt that receives payment

A subordinated debenture is Blank______. Multiple choice question. long-term secured debt that receives payment after designated senior debenture holders short-term secured debt that receives payment before designated senior debenture holders long-term unsecured debt that receives payment after designated senior debenture holders short-term unsecured debt that receives payment before designated senior debenture holders

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