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Elixir Corporation has just filed for bankruptcy. Elixir is a holding company whose assets consist of real estate worth $280 million and 100% of the
Elixir Corporation has just filed for bankruptcy. Elixir is a holding company whose assets consist of real estate worth $280 million and 100% of the equity of its two operating subsidiaries. It is financed partly by equity and partly by an issue of $600 million of senior collateral trust bonds that are just about to mature. Subsidiary A has issued directly $520 million of debentures and $35 million of preferred stock. Subsidiary B has issued $280 million of senior debentures and $160 million of subordinated debentures. A's assets have a market value of $600 million, and Bs have a value of $340 million. How much will each security holder receive if the assets are sold and distributed strictly according to precedence? (Leave no cells blank - be certain to enter "O" wherever required. Enter your answers in millions.) Payoff Debenture million Senior debenture million Subordinated debenture million Trust bond million Preferred stock million
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