Q1b. 10 Points Given the ABS & ABS CDO shown, what is the minimum loss on the portfolio of underlying assets when Lower two ABS tranches have a 100% loss of principal? Senior ABS tranche has a 50% loss of principal? Equity ABS CDO tranche has a 100% loss of principal? ABS Senior Tranche (70%) ABS CDO Senior Tranche (70%) AAA AAA Assets ABS Mezzanine Tranche ABS CDO Mezzanine Tranche (25%) BBB (25%) BBB ABS Equity Tranche (5%) ABS CDO Equity Tranche (5%) Not Rated Not Rated