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APPENDIX: Investment Bank Bid Prices
The following table lists the investment bank bid prices
obtained by petitioner and Arthur Andersen, which were used to
value petitioner’s favorable financing.
Bid Price
Debt Salomon Merrill Shearson
Instrument First Boston Brothers Lynch Lehman
G-15 -- -- -- 87.250000
G-16 -- -- -- 81.750000
G-17 70.343750 -- -- 70.250000
F-12 99.875000 99.812500 -- --
F-15 99.875000 99.812500 -- --
F-8 99.187500 99.093750 -- --
F-18 99.906250 99.812500 -- --
F-11 77.125000 76.625000 -- --
F-13 75.375000 75.750000 -- --
D-2 97.750000 -- -- 98.125000
CMO A-2 97.468750 96.875000 96.625000 97.687500
CMO A-3 96.406250 95.687500 96.250000 95.218750
CMO C-4 95.906250 93.343750 95.375000 92.937500
ND 95.562500 -- -- 95.625000
CD-1 94.718750 -- -- 94.500000
Z-2 2.500000 -- -- 2.656250
Z-3 31.625000 31.000000 -- 31.375000
GMC A 1975 192.062500 -- -- --
GMC B 1975 192.750000 -- -- --
GMC A 1976 192.218750 -- -- --
GMC B 1976 187.625000 -- -- --
GMC A 1977 188.562500 -- -- --
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