I would prefer to hold the bonds issued by the company because the bondholders have a repayment priority to be paid before the equity holders, who are the residual claimants.
I prefer to hold the bonds issued by the company because the bondholder has the priority of repayment and can be paid before the equity holder, who is the residual claimant.
I prefer to hold the bonds issued by the company, because the bondholders have the priority of repayment and can be paid before the equity holders, who are the residual claimants.