Fixed Income (ABS) p. 488 #42

lol what an incredibly douchey question. There’s $68MM of collateral and the ABS structure is $68MM – obvi no evidence of overcollateralization and everyone knows a LOC is an external credit enhancement. So pick the only one remaining right? Nope. Obvi its a trick question. I better not see this kind of douchebagginess on the test…