Suppose that a recently-healthy firm has just defaulted has been liquidated and where the fir Show more Suppose that a recently-healthy firm has just defaulted has been liquidated and where the firms assets were worth $100 million before the liquidation.

Suppose that a recently-healthy firm has just defaulted has been liquidated and where the fir Show more Suppose that a recently-healthy firm has just defaulted has been liquidated and where the firms assets were worth $100 million before the liquidation.

Also suppose that the firm had at the time of its liquidation $12 in preferred stock claims $45 million in debt claims $65 million in common stock claims and that the liquidation process racked up a total of $10 million in legal and administrative expenses. Finally suppose that the firm was able to recover 100% of the firms value in liquidation (i.e. $100 million). How much money would common shareholder get in aggregate post-liquidation? a. $0 million b. $13 million c. $23 million d. $33 million Show less

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