5. value: 10.00 points Alpha Corp. is prohibited from issuing more senior debt unless net tangible assets

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Alpha Corp. is prohibited from issuing more senior debt unless net tangible assets exceed 190% of senior debt. Currently the company has outstanding $100 million of senior debt and has net tangible assets of $266 million. How much more senior debt can Alpha Corp. issue?(Enter your answer in millions.)

Senior debt$ _____________million

Posted Date: May 19, 2024 06:05 AM

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5. value: 10.00 points Alpha Corp. is prohibited from issuing more senior debt unless net tangible assets

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