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Business, 03.08.2021 23:00 abbasaliza01

Omega Corporation is proposing a reorganization based on a going-concern value of $3,000,000. The new structure will have $1,000,000 in new mortgage debt, $150,000 in subordinated debt and $2,000,000 in new equity. All creditors, both secured and unsecured, are owed $5,000,000 dollars. There is a mortgage lien for $2,000,000 on the company's buildings. The corporate tax rate is 34%. How much should the unsecured creditors receive

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Omega Corporation is proposing a reorganization based on a going-concern value of $3,000,000. The ne...
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