A company declares bankruptcy with $60m in assets including a building worth $40m, $20m in equity, a 20m loan secured by a mortgage on the building, $5m in unsecured debt and $20m in preferred stock. How much will preferred stockholders get after liquidation? In the previous example, how much will the equity holders get after liquidation? weight: 4 $15 million Nothing, they are the most junior to all the sources of capital $20 million $10 million