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there is no more information 6. A lender to a large corporation has $150 million in subordinated (junior vs. all other debts), unsecured bonds outstanding.
there is no more information
6. A lender to a large corporation has $150 million in subordinated (junior" vs. all other debts), unsecured bonds outstanding. Senior secured debentures amount to $75 million. Short-term bank debt secured by a charge over $50 million of A/R amounts (40% collectible) to $14 million. Trade suppliers are owed $34 million. The income tax authorities are owed $12 million. Unpaid payroll deductions for the state's social security taxes are $4.5 million. Customer deposits for undelivered product orders amount to $1.5 million. The net realizable liquidation value of all assets is estimated to be $234 million after all costs. The recovery rate on the subordinated bonds will be: * 62% 89% O 108% O 43% 6. A lender to a large corporation has $150 million in subordinated (junior" vs. all other debts), unsecured bonds outstanding. Senior secured debentures amount to $75 million. Short-term bank debt secured by a charge over $50 million of A/R amounts (40% collectible) to $14 million. Trade suppliers are owed $34 million. The income tax authorities are owed $12 million. Unpaid payroll deductions for the state's social security taxes are $4.5 million. Customer deposits for undelivered product orders amount to $1.5 million. The net realizable liquidation value of all assets is estimated to be $234 million after all costs. The recovery rate on the subordinated bonds will be: * 62% 89% O 108% O 43% Step by Step Solution
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