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A CMBS issuance is $1,550,000,000, of which the AAA tranches are $1,356,250,000, the AA tranche is $62,000,000 and the A tranche is $55,800,000. The subordination

A CMBS issuance is $1,550,000,000, of which the AAA tranches are $1,356,250,000, the AA tranche is $62,000,000 and the A tranche is $55,800,000. The subordination level of the A tranche is

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