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A bank sith seniority in the amount of $250, senior bond holders in the amount of $160, and a steel trade creditor with no prioritt
A bank sith seniority in the amount of $250, senior bond holders in the amount of $160, and a steel trade creditor with no prioritt in the amount of $45.
Plan A: 80% chance the value of the firm = $780
20% chance the value of the firm = $100
Plan B: 50% chance of the value of the firm = $370
50% chance of the value of tbe firm =210
what is the expected value of Plan A to the bank?
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