Elixir Corporation has just filed for bankruptcy. Elixir is a holding company wh

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Elixir Corporation has just filed for bankruptcy. Elixir is a holding company whose assets consist of real estate worth $120 million and 100% of the equity of its two operating subsidiaries. It is financed partly by equity and partly by an issue of $440 million of senior collateral trust bonds that are just about to mature. Subsidiary A has issued directly $360 million of debentures and $19 million of preferred stock. Subsidiary B has issued $200 million of senior debentures and $80 million of subordinated debentures. A

Elixir Corporation has just filed for bankruptcy. Elixir is a holding company whose assets consist of real estate worth $120 million and 100% of the equity of its two operating subsidiaries. It is financed partly by equity and partly by an issue of $440 million of senior collateral trust bonds that are just about to mature. Subsidiary A has issued directly $360 million of debentures and $19 million of preferred stock. Subsidiary B has issued $200 million of senior debentures and $80 million of subordinated debentures. A

Explanation / Answer

Asset IN Million Real Estate 120 A

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