Calculate the recoveries as a percentage of the original claim given the following fact pattern. Please enter
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Question:
Calculate the recoveries as a percentage of the original claim given the following fact pattern. Please enter your answer in percentages with one decimal, in the following order: 1st Lien, 2nd Lien and General Unsecured Claims. Additionally, enter the percentages separated by a comma and one space (for example: 75.0%, 70.2%, 40.1%)
Given:
- Secured 1st Lien Loan of $150m
- Secured 2nd Lien Loan of $350m
- Accounts payable of $75m
- Unsecured note of $300m
- Reorganization value of $500m
- Collateral value of $350m
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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