Mr Cooper Group Inc (COOP)

[hotmeat]

He's 100% correct BOB. If way more than $10B comes back, say $32B, under APR Commons receive much more than Preferred, but with 75%/25% they lose $14B to Preferred....again, comprehension issues!




1) If $8B came back using APR Preferred gets all $8B and Commons would receive $0.00, with the 75%/25% Preferred gets $6B and Common $2B.



2) With $12B and APR, Preferred gets $10B (face value) and Commons receive $2B, with 75%/25% Preferred gets $9B and Commons $3B.



3) If $32B returns using APR Preferred get $10B and Commons $22B, with 75%/25% Preferred gets $24B and Commons get $8B.