easy · Investment Banking rx-dcm-ecm
In a simplified restructuring waterfall, 120 million is available for distribution. Secured debt has an 80 million claim and is paid in full before an $80 million general unsecured claim. Ignore all other claims and costs.
What recovery percentage does the general unsecured claim receive?
- 25%
- 40%
- 50%
- 100%
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