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The A&Z Real Estate Co . is to be liquidated. The book value of lits assets is $ 6 2 . 0 billion. Bonds with
The A&Z Real Estate Co is to be liquidated. The book value of lits assets is $ billion. Bonds with a face value of $ billion are secured by a mortgage on the company's Toronto and New York buildings. A&Z has subordinated debentures outstanding in the amount of $ billion; shareholders' equity has a book value of $ billion; $ billion is used to cover administrative costs and other claims including unpaid wages, pension benefits, legal fees, and taxes
The company has a liquidating value of $ billion. Of this amount, $ billion represents the proceeds from the sale of the Toronto and New York buildings.
As the trustee in bankruptcy, you wish to follow the bankruptcy law strictly. What is your proposed distribution? Enter the answers in billions. Do not round the intermediate calculations. Do not leave any empty spaces; input a wherever it is required. Round the final answers to decimal place. Omit $ sign in your response.
tabletableProposedDistribution$ billionsAdmin Costs & other,$
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