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 "Further, the credit quality of CDO's declined from 2000 to 2007, as the level of subprime and other non-prime mortgage debt increased from 5% to 36% of CDO assets.". Is that enough to answer the question?
Answer: no