9. The principal of a subprime portfolio assigned to the senior, mezz, and equity, is 70%, 25%, and 5%, for the ABS, and the mezz ABS assigned to the senior, mezz, and equity, is 60%, 25%, and 15%, for the ABS CDO, respectively. What are the losses to the Mezz tranche of the ABS and its tranches of the ABS CDO, if the loss to the principal is 15%? (10 marks) 9. The principal of a subprime portfolio assigned to the senior, mezz, and equity, is 70%, 25%, and 5%, for the ABS, and the mezz ABS assigned to the senior, mezz, and equity, is 60%, 25%, and 15%, for the ABS CDO, respectively. What are the losses to the Mezz tranche of the ABS and its tranches of the ABS CDO, if the loss to the principal is 15%? (10 marks)