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The JO Typewriter Company is to be liquidated. Bonds worth $ 4 million are secured by a mortgage on the corporate headquarters building, which was

The JO Typewriter Company is to be liquidated. Bonds worth $4 million are secured by a mortgage on the corporate headquarters building, which was sold for $3 million. Other assets are sold for $500000 and administrative costs are expected to amount to $300000. Regardless of any other outstanding amounts what is the minimum amount the bondholders should expect to receive? Enter a value without any signs

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