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Suppose that YRC Corp. has filed for Chapter 7 bankruptcy and its assets will be liquidated and distributed to claim holders under strict priority. The
Suppose that YRC Corp. has filed for Chapter 7 bankruptcy and its assets will be liquidated and distributed to claim holders under strict priority. The net proceeds from the sale of YRC Corp.s assets are expected to be $ 1000 million, YRC has $ 500 million in senior debt, $ 400 million in junior debt. How much can shareholders expect to receive upon liquidation?
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