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Mondesto Company has the following debts: $ 252,000 132,000 Unsecured creditors Liabilities with priority Secured liabilities: Debt 1, $254,000; value of pledged asset Debt 2,
Mondesto Company has the following debts: $ 252,000 132,000 Unsecured creditors Liabilities with priority Secured liabilities: Debt 1, $254,000; value of pledged asset Debt 2, $202,000; value of pledged asset Debt 3, $142,000; value of pledged asset 202,000 122,000 184,000 The company also has a number of other assets that are not pledged in any way. The creditors holding Debt 2 want to receive at least $171,600. For how much do these free assets have to be sold so that the creditors associated with Debt 2 receive exactly $171,600? Selling value of free assets
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