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Currently the company has outstanding 100 million of senior

ABC Corp. is prohibited from issuing more senior debt unless net tangible assets exceed 150% of senior debt. Currently, the company has outstanding $100 million of senior debt and has net tangible assets of $201 million.

How much more senior debt can ABC Corp. issue?

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Finance Basics: Currently the company has outstanding 100 million of senior

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Finance Basics: Currently the company has outstanding 100 million of senior

Reference No:- TGS02718953

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