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The principal of $280 million for the underlying assets is backed an ABS with the senior tranche 72%, mezzanine 20% and equity 8%. The principal

The principal of $280 million for the underlying assets is backed an ABS with the senior tranche 72%, mezzanine 20% and equity 8%. The principal derived from the mezzanine tranche of the ABS is backed an ABS-CDO with the senior tranche 80%, mezzanine 10% and equity 10%. If the loss on the underlying assets is 19%; what will be the loss (in % and $) to the mezzanine tranche of the ABS? and what are the loss (in %) to the equity tranche, the loss (in %) to the mezzanine tranche and the loss (in % and $) to the senior tranche of the ABS-CDO?

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