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  1. T

    Distressed investing

    It solved all problems in my head regarding this example. Thank you very much.
  2. T

    Distressed investing

    Thank you. One clarification, should the enterprise value drop to 2 billion or 20 billion?
  3. T

    Distressed investing

    Hi David, On T8 study note p.74, it says the loss on bond position is $200 per bond based on the assumption of unfavorable outcome. Would you please demonstrate how to come up with this $200 loss per bond? I have spent some time on it but in vain. Thank you.
  4. T

    Replicating Portfolio

    I got it. Sorry for overlooking the texts extracted from Tuckman in your reply
  5. T

    Replicating Portfolio

    Why is the replicating portfolio long the 1.0 year bond and short the six month bond? Thank you
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