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please help The AsZ Real Estate Co. is to be liquidated. The bock value of its assets is $60.4 billion. Bonds with a face value
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The AsZ Real Estate Co. is to be liquidated. The bock value of its assets is $60.4 billion. Bonds with a face value of 535 billon are. secured by a mortgage on the company's Toronto and New York bullings. A3Z has subordinated debentures outstanding in the amount of $43.3 bilions shareholders' equity has a book value of $13.5 bilion, $7.4 billion is used to cover administrative costs and other claims (including unpaid wages, pension benefits, legal fees, and taves). The company has a liquidating value of $37 bilion. Of this amount, $15.4 bilion represents the proceeds from the sale of the Toronto and New York buildings. As the trustee in bankeruptcy, you wish to foilow the barkruptcy law strictly. What is your proposed distribution? (Enter the answers in bitions. Do not round the intermediate calculations. Do not leave any empty spaces; input a 0 wherever it is required. Round the final answers to 1 decimat place. Omit $ sign in your response) Step by Step Solution
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