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Not yet answered Points out of 1.00 Flag question ABC Corp. has $40M in mortgage bonds, $60M owed to general creditors, $30M in subordinated debentures,

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Not yet answered Points out of 1.00 Flag question ABC Corp. has $40M in mortgage bonds, $60M owed to general creditors, $30M in subordinated debentures, and $50M par value of common stock. The company sold its mortgage assets for $30M and other assets for $50M. What is the recovery rate for the mortgage-bond holders? (If the answer is 12.3%, enter 12.3 (one decimal).)

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