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47. Consider the following CMBS structure: Ignoring amortization, if the deal loses $155 million what are the remaining balances for the AAA, AA, BBB and

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47. Consider the following CMBS structure: Ignoring amortization, if the deal loses $155 million what are the remaining balances for the AAA, AA, BBB and NR classes, respectively? Bond Credit Rating Initial Amount ($mm) Amount after losses 1 AAA $600 2 $150 BBB $95 4 NR $55

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