What Is the Pecking Order of Payments (From First to Last)for

Multiple Choice

What is the pecking order of payments (from first to last) for a firm's creditors and owners?

A) bondholders,then preferred stockholders,then common stockholders
B) preferred stockholders,then common stockholders,then bondholders
C) common stockholders,then bondholders,then preferred stockholders
D) bondholders,then common stockholders,then preferred stockholders