1. Of the following types of securities, the holder of which type has first claim on the assets of a firm?
A. senior debt
B. common stock
C. subordinated debt
D. preferred stock
E. junior debt
2. A U.S. Treasury yield curve plots U.S. Treasury interest rates relative to __________.
A. market rates
B. comparable corporate bond rates
C. the risk-free rate
D. inflation
E. time to maturity