hard · Private Credit & Debt
A distressed debt investor purchases senior unsecured notes at 45 cents on the dollar. After a one-year restructuring, the notes are exchanged for $70.0 million in value.
What is the Internal Rate of Return (IRR) for the investor if they invested $45.0 million?
- 25.0%
- 35.0%
- 100.0%
- 55.6%
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