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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 $170 million and 100% of the equity of its two
operating subsidiaries. It is financed partly by equity and
partly by an issue of $490 million of senior collateral trust
bonds that are just about to mature. Subsidiary A has
issued directly $410 million of debentures and $24 million
of preferred stock. Subsidiary B has issued $225 million
of senior debentures and $105 million of subordinated
debentures. A's assets have a market value of $545
million, and B's have a value of $274 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 "0"
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 $170 million and 100% of the equity of its two operating subsidiaries. It is financed partly by equity and partly by an issue of $490 million of senior collateral trust bonds that are just about to mature. Subsidiary A has issued directly $410 million of debentures and $24 million of preferred stock. Subsidiary B has issued $225 million of senior debentures and $105 million of subordinated debentures. As assets have a market value of $545 million, and Bs have a value of $274 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 "0" wherever required. Enter your answers in millions.
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