Question
A certain mortgage pool has $900 million in par value. The senior (A) tranche has 25% credit support, and the next level (B) has 15%
A certain mortgage pool has $900 million in par value. The senior (A) tranche has 25% credit support, and the next level (B) has 15% credit support.
How much par value was issued in the B tranche?
Question options:
| $90 million
| |
| $80 million | |
| $85 million | |
| $100 million |
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
