How much did Canada's EDC agree to provide in short-term financing to help Nortel emerge from bankruptcy?

January 15 Closing Bell Bonus Bucks Question and Answer

Question: How much did Canada's EDC agree to provide in short-term financing to help Nortel emerge from bankruptcy?

Answer: up to C$30 million

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This site is for entertainment purposes only. I am not a financial advisor. No information found on this site should be construed as financial advice. CFTC RULE 4.41: HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE THAT MAY BE SHOWN.

How much did Canada's EDC agree to provide in short-term financing to help Nortel emerge from bankruptcy?

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January 2009