Question
Calculate the recoveries as a percentage of the original claim given the following fact pattern. Please enter your answer in percentages with one decimal, in
Calculate the recoveries as a percentage of the original claim given the following fact pattern. Please enter your answer in percentages with one decimal, in the following order: 1st Lien, 2nd Lien and General Unsecured Claims. Additionally, enter the percentages separated by a comma and one space (for example: 75.0%, 70.2%, 40.1%)
Given:
- Secured 1st Lien Loan of $150m
- Secured 2nd Lien Loan of $350m
- Accounts payable of $75m
- Unsecured note of $300m
- Reorganization value of $500m
- Collateral value of $350m
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1st Lien Recovery 150m500m x 100 Recovery 03 x 100 Recovery 30 Recovery as a percenta...Get Instant Access to Expert-Tailored Solutions
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Financial Reporting and Analysis
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
6th edition
9780077632182, 78025672, 77632184, 978-0078025679
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