In a firm’s “waterfall”, who are paid after government?
D. Preferred shareholder.
The correct answer is A- Bondholder. Through waterfall payments loans that have highest principal are prioritized due to their expensive nature. Loans can be paid one at a time or systematically by use of waterfall payments because highest principal and interest is a characteristic of higher-tiered creditors. Secured creditors are prioritized over unsecured creditors. Creditors