HELP! WHICH IS THE HIGHEST RISK INVESTMENT?

List the following stocks and bonds in order from highest default risk to lowest default risk:

A municipal bond in a city with a population of 150,000
A common stock in a company under federal investigation
A preferred stock in a 150-year old firm with good business practices

municipal bond, common stock, preferred stock

municipal bond, preferred stock, common stock

common stock, preferred stock, municipal bond

common stock, municipal bond, preferred stock

my answer is c the only question in my mind is the size of the city

2 answers

I agree.
thank you