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2. An investor just bought a Lehman distressed debt at 35 cents on 1 August 2012. He expects the liquidation process for Lehman will be

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2. An investor just bought a Lehman distressed debt at 35 cents on 1 August 2012. He expects the liquidation process for Lehman will be finalized soon, and he will receive two cashflows of 20 cents each on 1 January 2013 and 1 April 2013. However, right after the investor bought the distressed debt, there was news of an objection filing from some Lehman's distressed debt holders. As such, there will be delay in the liquidation process, and the two cashflows that the investor originally expects to receive will be pushed backwards by 6 months. What would be the drop in Lehman distressed debt price, if the market demands the same rate of return before and after the news

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