I want to know the answer to the following question:
What was the estimated value of CDO issuance in Q1 2004?
All the background I'm provided with is that "CDO issuance grew from an estimated $20 billion in Q1 2004 to its peak of over $180 billion by Q1 2007, then declined back under $20 billion by Q1 2008.". Is that enough to answer the question?
Answer: yes