Hi!
Was asked the following question during my IB SA interview at a regional office of one of the top BBs (GS/JPM/MS):
Company A has a MCap of $50m, bonds of $300m and bank debt of $700m (needless to say, you assume the company is basically bankrupt). As the bond investor, what would you argue the value of the company is? How about if you are the bank debt investor?
Curious to see how you guys would approach this question!
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