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brazilatz

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tT
发表于 2013-4-4 08:13 | 只看该作者

CFA Book 4 pg 149 #5 CDO Equity Tranche

149, understand, equity
I don’t understand the payoff to the equity tranche of the CDO here… maybe i just dont understand how CDO’s pay, but how is this 36%
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RepoToronto

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发表于 2013-4-4 08:17 | 只看该作者
Work out how much is coming in and how much is going out. CDO equity pay huge as they accept the first defaults in the underlying generally below investment grade debt.

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