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18) A CDO has a senior tranche of 70% a mezzanine tranche of 25% and an equity tranche of 5%. At a loss rate of

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18) A CDO has a senior tranche of 70% a mezzanine tranche of 25% and an equity tranche of 5%. At a loss rate of 11%, what is the recovery rate for investors in the mezzanine tranche? a) 24% b) 50% c) 76% d) 100%

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