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Quesrion about calculating losses in tranches: what am i doing wrong here? Because the right anwer is: - 3 3 . 3 % loss on

Quesrion about calculating losses in tranches: what am i doing wrong here? Because the right anwer is:
-33.3% loss on mezzanine abs tranche
-100% loss on equity abs cdo
-93.3% loss on mezzanine abs cdo
-0% loss on equity abs cdo
Below is my workings on how i solved it (wrong):
1. Figure out the losses on underlying assets: in our case 10%
2. Allocate loss to original senior tranche:
Senior: 0.800.10=8%
3. Allocate losses to mezzanine tranche:
The mezzanine tranche has an allocation of 15%, however, since it is subordinate (waterfall payment system), it only absorbs losses after the senior tranche has absorbed its 80% share. Calculation: 15%-8%=7%
4. Break down the mezzanine tranche into CDO tranches:
The senior CDO tranche: 0.657%=4.55
The mezzanine tranche: 0.257%=1.75
The equity tranche: 7%-4.55%-1.75%=0.7%(or 0.17%=0.7%)
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