A选项的说法为什么是对的

问题如下：

Assuming the priority of claims in bankruptcy is well established and absolute, which of the following statements is least correct?

选项：

Creditors with a secured claim have the right to the value of that specific property before any other claim.

Senior unsecured creditors take priority over all subordinated creditors.

Common shareholders receive value on their interests before unsecured creditors.

解释：

C is correct.

Unsecured creditors have a right to be paid in full before common and preferred shareholders receive value on their interests.

考点：Seniority Ranking

解析：选项C不正确，普通股的求偿顺序在债券后，当选。