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special - purpose entity issues asset - backed securities in the following structure: Bond ClassPar Value $A ( senior ) 5 0 0 millionB (

special-purpose entity issues asset-backed securities in the following structure:
Bond ClassPar Value $A (senior)500 millionB (junior)50 millionC (subordinate)10 million
At which of the following amounts of default in par value would Class A experience a loss?

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