Mr Cooper Group Inc (COOP)

[distrojunky]

If APR is in place, over $15B needed before Common get a nickle. This is no problem if $299B coming back. But if $24B is all is returned, Preferred is paid off with $16.132B, there would be about $7.9B left for common - about $7.15 per UQ.

If $24B returned and 75%/25% then Preferred gets $18B and Common gets $6B.
P's - $2400
K's - $60
Q's - $5.45

If APR in place...

P Interest Rate 7.75%
FJR 1.95%
Principle $1,000

2008 $1,078
2009 $1,161
2010 $1,251
2011 $1,348
2012 $1,452 $28 $1,481
2013 $1,565 $31 $1,595
2014 $1,686 $33 $1,719
2015 $1,817 $35 $1,852
2016 $1,958 $38 $1,996
2017 $2,109 $41 $2,151