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 replaced by an ABS-CDO with the senior tranche 85%, mezzanine 10% and equity 5%. The principal derived from the mezzanine tranche of the ABS-CDO is further replaced by an ABS-CDO-CDO with the senior tranche 85%, mezzanine 10% and equity 5%. If the loss on the underlying assets is 10%,

1. what will be the loss (in %) to the mezzanine tranche of the ABS, and the loss (in %) to the mezzanine tranche of the ABS-CDO?
2. what will be the loss (in % and $) to the senior tranche of the ABS-CDO-CDO?