Business, 08.10.2019 19:00 tanoah5729
Sludge corporation has two bonds outstanding, each with a face value of $2.85 million. bond a is a senior bond; bond b is subordinated. sludge has suffered a severe downturn in demand, and its assets are now worth only $4.70 million. if the company defaults, what payoff can the holders of bond b expect?
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Sludge corporation has two bonds outstanding, each with a face value of $2.85 million. bond a is a s...
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