The Fundamental Finance Function
Subordinated debenture 1 million 4. Total $25 million 100%. The $5 million from the sale of mortgage assets goes to the mortgage holders, leaving $5 million of their claims unsatisfied. Forty (40) percent of the $9 million from the sale of other assets or $3.6 million goes to the mortgage holders for a total recovery of $8.6 million. ................
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