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A CMBS issuance is $1,000,000,000, of which the AAA tranches total $850,000, 000 of principal balance, the AA tranche is $45,000,000 and the Single A tranche is $50,000,000. What is the subordination level of the AAA tranche? _______ What is the subordination level of the Single A (‘A’) tranche? ________. Give typing answer with explanation and conclusion

A CMBS issuance is $1,000,000,000, of which the AAA tranches total $850,000, 000 of principal balance, the AA tranche is $45,000,000 and the Single A tranche is $50,000,000. What is the subordination level of the AAA tranche? _______ What is the subordination level of the Single A (‘A’) tranche? ________. Give typing answer with explanation and conclusion

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A CMBS issuance is $1,000,000,000, of which the AAA tranches total $850,000, 000 of principal balance, the AA tranche is $45,000,000 and the Single A tranche is $50,000,000. What is the subordination level of the AAA tranche? _______ What is the subordination level of the Single A (‘A’) tranche? ________. Give typing answer with explanation and conclusion
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