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ABC Corp. has $30M in mortgage bonds, $40M owed to general creditors, $10M in subordinated debentures, and $30M par value of common stock.The company sold
ABC Corp. has $30M in mortgage bonds, $40M owed to general creditors, $10M in subordinated debentures, and $30M par value of common stock.The company sold its mortgage assets for $20M and other assets for $30M.What is the recovery rate for general creditors?
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