1. U have a Tranche of 100,000,000 and u are selling protection for 1020 defaults. Assume that the coupon u are paying for this tranche is 10%. For the 0-10 Tranche the coupon for the Tranche will be: Hint. U don't need to calculate it just use ur common sense and what u have learned in class to guesstimate greater than 10% oqual to 10% loss than 10% NOne of the above