Steel Pony decides to reorganize and assumes the "going concern" value of the firm is a strong and reliable estimate.Management feels that for the firm to have a stable financial structure and for any plan to be acceptable to the current senior debtholders the new debt cannot represent more than twice equity and be made up of 40% senior debt.Determine the distribution of new securities under the reorganization.Assuming all creditors are treated according to APR.
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