Select the correct statement. If the firm enters bankruptcy, the order of payment would be 1) common shareholders. 2) senior debt holders, 3) subordinated debt holders, and 4)preferred stockholders A private placement of bonds means that the company must abide by financial disclosure laws, public offerings of bonds do not have to abide by these laws. The convertible premium or a bond is the additional interest rate received on a convertible bond compared to a non-convertible bond Long-term bonds have more interest rate (price) risk than short-term bonds