An ABS, based on portfolios of subprime mortgages, is comprised of a senior tranche (owed 20% of the cash flow), a mezzanine tranche (owed 45%) and an equity tranche (owed 35%). The mezzanine tranche is itself an ABS CDO with a senior tranche (owed 20% of the cash flow), a mezzanine tranche (owed 30%) and an equity tranche (owed 50%). If the subprime portfolios incur a loss of 50%, what are the percent losses to each tranche of the ABS and the ABS CDO? An ABS, based on portfolios of subprime mortgages, is comprised of a senior tranche (owed 20% of the cash flow), a mezzanine tranche (owed 45%) and an equity tranche (owed 35%). The mezzanine tranche is itself an ABS CDO with a senior tranche (owed 20% of the cash flow), a mezzanine tranche (owed 30%) and an equity tranche (owed 50%). If the subprime portfolios incur a loss of 50%, what are the percent losses to each tranche of the ABS and the ABS CDO