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The Southeast Asia Corporation ( SAC ) is to be liquidated. Bonds with a face value of $ 5 . 0 million are unsecured. SAC
The Southeast Asia Corporation SAC is to be liquidated. Bonds with a face value of $ million are unsecured. SAC has no subordinated debentures outstanding; shareholders equity has a market value of $ million; $ 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 $ million. Of this amount, $ million represents the proceeds from the sale of its flagship Indonesian resort.
As a trustee in bankruptcy, you wish to follow the bankruptcy law strictly. What is your proposed distribution? Enter your answers in whole dollars not in millions. Do not round intermediate calculations. Omit $ sign in your response.
Proposed distribution
Administrative fees and other claims $
Bond holders $
Equity holders $
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