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1. Uhave 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
1. Uhave 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 C-10 Tranche the coupon for the Tranche will be: Hint: U don' noed to calculate it just use ur common sense and What u have leamed in class to guesstimate greater than 10% equar to 10% less than 10% NOie of the above
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