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A bank has three uncollateralized transactions with a counterparty worth + $ 1 0 million, $ 2 0 million and + $ 2 5 million.

A bank has three uncollateralized transactions with a counterparty worth

+

10

million,

20

million and

+

25

million. A netting agreement is in place. What is the maximum loss if the counterparty defaults today?

Group of answer choices

Zero

15

million

35

million

20

million

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