Suppose that the collateral of a market value CDO consists of the following three asset types: Asset

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Suppose that the collateral of a market value CDO consists of the following three asset types: Asset Type Market Value Advance Rate Performing $90 million 0.85 High-Yield Bonds Rated Baa Performing $40 million 0.78 High-Yield Bonds Rated B Performing $30 million 0.71 High-Yield Valued Below Caa In an overcollateralization test, what market value is used?

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