.Dobby corporationwas forced into bankruptcy and is in the process of liquidating assets and paying claims. Unsecured claims will be paid at the rate of 30 cents on the peso. Carson holds a note receivable from Dobby for 75,000 collaterized by an asset with a book value of50,000 and liquidation value of 25,000. The amount to be realized on the note is:

a.25,000

b.40,000

c.50,000

d.75,000