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A company's statement of affairs reports the following: Assets pledged to fully secured creditors, $500,000. Assets pledged to partially secured creditors, $250,000. Fully secured liabilities,
A company's statement of affairs reports the following:
Assets pledged to fully secured creditors, $500,000.
Assets pledged to partially secured creditors, $250,000.
Fully secured liabilities, $325,000
Partially secured liabilities, $400,000.
Free assets, $81,000.
Unsecured liabilities with priority, $40,000.
Unsecured liabilities, $210,000.
How much can partially secured creditors expect to be paid per dollar of debt?
A.$1.00B.$0.60C.$0.375D.$0.85
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