stock & bankruptcy

From: SMabel555@aol.com
Subject: stock & bankruptcy
Date: Thu, 8 Apr 1999 16:10:43 EDT

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What happens to the stock when a corporation goes Bankrupt?

I only bought Service Merchandise, Inc at $0.25, so this is mostly academic 
(or I could make a lot of cash if they come back).  Anyway, what are the 
possible actions that could come out of CH11 with regard to share-holders?

Appreciate any thoughts or references.

ALSO:  does anyone know any good references on the web or otherwise for 
reviewing time-value-of-money problems?  I can handle the simple stuff, but 
need to work on slightly more complex ones like bond expiration.  Also, any 
good place to learn to build Excel spreadsheets with TVM problems?  (I have a 
graduate finance class upcoming and was never too comfortable with these as 
an undergrad)


Thanks,
Scott


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