You are an investment analysis at a hedge fund that is comfortable taking calculated risk They do invest in distressed debt Which piece of debt would you recommend to your boss and why XYZ Co has the following debt outstanding $200mm of 4 bank debt due 10 25 that trade at par $100mm of 8 senior notes due 10 22 that trade at par $300mm of 9 sub notes due 10 22 that trade at par

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You are an investment analysis at a hedge fund that is comfortable taking calculated risk. They do invest in distressed debt. Which piece of debt

You are an investment analysis at a hedge fund that is comfortable taking calculated risk. They do invest in distressed debt. Which piece of debt would you recommend to your boss and why?

XYZ Co has the following debt outstanding:

$200mm of 4% bank debt due 10/25 that trade at par

$100mm of 8% senior notes due 10/22 that trade at par

$300mm of 9% sub notes due 10/22 that trade at par

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