Chul and Co., Inc. purchased a Cadillac automobile with little cash down and signed a note, secured by Cadillac, for 48 easy monthly payments. When the company files for bankruptcy, the balance due on the Cadillac amount to P9,000,000. The car has a book value of P12,000,000 and a net realizable value of P6,000,000. The unsecured creditors of Chul and Co. can expect to receive 50 percent of their claims. In the liquidation, the bank that holds the note on Cadillac should receive?

a. 7, 500, 000

b. 9, 000, 000

c. 6, 000, 000

d. 4, 500, 000