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B7. (Claim dilution via new debt) Your loan to Penguin Development is now due. Penguin has assets of $200, and your loan, the firm's only
B7. (Claim dilution via new debt) Your loan to Penguin Development is now due. Penguin has assets of $200, and your loan, the firm's only debt, has a $100 balance. . What loan payment do you expect from Penguin? b. Penguin has taken on an additional $150 of debt, which has the same claim on assets as your debt. The firm still has $200 of assets. What loan payment do you now expect from Penguin
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