标题: CFA Book 4 pg 149 #5 CDO Equity Tranche [打印本页] 作者: brazilatz 时间: 2013-4-4 08:13 标题: CFA Book 4 pg 149 #5 CDO Equity Tranche
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%作者: RepoToronto 时间: 2013-4-4 08:17
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.
