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Jones Corporation is being liquidated under Chapter 7 of the Bankruptcy Act. The trustee has determined that the unsecured claims will receive $.50 on the

Jones Corporation is being liquidated under Chapter 7 of the Bankruptcy Act. The trustee has determined that the unsecured claims will receive $.50 on the dollar. Kevin corporation holds a $200,000 mortgage note receivable from Jones that is secured by marketable securities with a $150,000 book value and a $164,000 fair value.

Required: How much of the mortgage receivable will Kevin recover?

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