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Elixir Corporation has just filed for bankruptcy. Elixir is a holding company whose assets consist of real estate worth $ 1 7 0 million and
Elixir Corporation has just filed for bankruptcy. Elixir is a
holding company whose assets consist of real estate
worth $ million and of the equity of its two
operating subsidiaries. It is financed partly by equity and
partly by an issue of $ million of senior collateral trust
bonds that are just about to mature. Subsidiary A has
issued directly $ million of debentures and $ million
of preferred stock. Subsidiary B has issued $ million
of senior debentures and $ million of subordinated
debentures. As assets have a market value of $
million, and Bs have a value of $ million. How much
will each security holder receive if the assets are sold and
distributed strictly according to precedence?
Note: Leave no cells blank be certain to enter
wherever required. Enter your answers in millions.Elixir Corporation has just filed for bankruptcy. Elixir is a holding company whose assets consist of real estate worth $ million and of the equity of its two operating subsidiaries. It is financed partly by equity and partly by an issue of $ million of senior collateral trust bonds that are just about to mature. Subsidiary A has issued directly $ million of debentures and $ million of preferred stock. Subsidiary B has issued $ million of senior debentures and $ million of subordinated debentures. As assets have a market value of $ million, and Bs have a value of $ million. How much will each security holder receive if the assets are sold and distributed strictly according to precedence?
Note: Leave no cells blank be certain to enter wherever required. Enter your answers in millions.
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