Who does the bankruptcy trustee represent

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Reference no: EM132000991

1. Who does the bankruptcy trustee represent?

2. Why is bankruptcy law required in a modern capitalistic society?

3. You can buy a bond with a 7% coupon with that pays semi-annually. What rate would you need on a mortgage that pays monthly to get an equivalent yield? ey = (1+i/m)^m-1.

Reference no: EM132000991

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