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During a restructuring, what could happen to the balance sheet of a company? (select all that
apply)
a. The existing debtholders create new debt and new equity; existing equity holders are wiped
out
b. The existing debtholders lose their stake and equity holders seek new debt
c. Assets are sold off to pay delinquent debts
d. Preferred equity holders are converted to debtholders on a 2:1 basis

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