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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
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? $15 million nothing $20 million $10 million
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