Arrange the priority of payment in case of liquidation of the company:I. Preference shares holdersII. Secured creditorsIII. Equity shareholdersIV. Unsecured creditorsV. Debenture holdersSelect the correct answer from the options given below

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Arrange the priority of payment in case of liquidation of the company:<br />I. Preference shares holders<br />II. Secured creditors<br />III. Equity shareholders<br />IV. Unsecured creditors<br />V. Debenture holders<br />Select the correct answer from the options given below