Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Credit Rating Senior $420 million AAA 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $27 million, how much principal would tranche 3 have on the maturity date? O [A] $12 million [B] $13 million O [C] $15 million O [D] $25 million Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Senior 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 Credit Rating $420 million AAA $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $19 million, what tranches would absorb the loss? O [A] only tranche 5 O [B] only tranche 4 and 5 O [C] only tranche 3 and 5 O [D] tranche 3, 4, and 5 Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Credit Rating Senior $420 million AAA 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $27 million, how much principal would tranche 3 have on the maturity date? O [A] $12 million [B] $13 million O [C] $15 million O [D] $25 million Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Senior 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 Credit Rating $420 million AAA $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $19 million, what tranches would absorb the loss? O [A] only tranche 5 O [B] only tranche 4 and 5 O [C] only tranche 3 and 5 O [D] tranche 3, 4, and 5 Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Credit Rating Senior $420 million AAA 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $27 million, how much principal would tranche 3 have on the maturity date? O [A] $12 million [B] $13 million O [C] $15 million O [D] $25 million Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Senior 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 Credit Rating $420 million AAA $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $19 million, what tranches would absorb the loss? O [A] only tranche 5 O [B] only tranche 4 and 5 O [C] only tranche 3 and 5 O [D] tranche 3, 4, and 5 Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Credit Rating Senior $420 million AAA 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $27 million, how much principal would tranche 3 have on the maturity date? O [A] $12 million [B] $13 million O [C] $15 million O [D] $25 million Based on the below table, which shows a $500 million senior-subordinate structured MBS with 1 senior bond class and 4 subordinate classes, answer the question. Senior-Subordinated Structured MBS Bond Class Tranche Principal Senior 1 Subordinate 2 Subordinate 3 Subordinate 4 Subordinate 5 Credit Rating $420 million AAA $40 million AA $25 million A $10 million BBB $5 million B If the default losses on the collateral totaled $19 million, what tranches would absorb the loss? O [A] only tranche 5 O [B] only tranche 4 and 5 O [C] only tranche 3 and 5 O [D] tranche 3, 4, and 5