You are an analyst at Triark Management. The firm invests in debt but is not scared of receiving debt in a restructuring. Which piece of debt would you recommend your firm invest in (a or b) and why? I need at least 2 sentences for the why. a. Senior Secured Bonds 6% coupon matures in 2025, company EBITDA $500mm. Your tranche is most senior tranche and has $750mm of debt. Bonds trade at 98 cents on the dollars. b. Subordinated Bonds 10% coupon matures in 2026, company EBITDA $100mm. There is $750mm of debt ahead of you, your tranche has $500mm of debt. Bonds trade at 50 cents on the dollars