Trending up after last weeks hits. Both the 03 and 05 bonds are generally quoted at the same price, presently $79.50-$81.
The preferred I believe had 3 quarters of back dividends in it before BK was announced (accrual legally stops then for claims proposes). So presently, with back dividends, the preferred is trading at 1/2 it's redemption value. I have NEVER in my 20 years doing this stuff remembered seeing a sitution where the common stock was $11.50 and the senior equity was at a 50% discount.