2. The Carlton fund has created the following issue of bonds to raise funds to invest in other securities (assume the 10 year Treasury is 8.2% at issuance) Tranche Senior Par Value (US$ millions) 120 Coupon Rate Libor +50 bps Mezzanine 15 10 year Treasury Rate +150bps Subordinated 10 e. What are the cash flows Carlton will receive in total? f. What are the Cash flows Carlton will pay in total? g. Assuming expenses and fees to be paid to Carlton of $550,000, how much will be left over for the Subordinated tranche? h. What return does that imply for the Subordinated Tranche? 2. The Carlton fund has created the following issue of bonds to raise funds to invest in other securities (assume the 10 year Treasury is 8.2% at issuance) Tranche Senior Par Value (US$ millions) 120 Coupon Rate Libor +50 bps Mezzanine 15 10 year Treasury Rate +150bps Subordinated 10 e. What are the cash flows Carlton will receive in total? f. What are the Cash flows Carlton will pay in total? g. Assuming expenses and fees to be paid to Carlton of $550,000, how much will be left over for the Subordinated tranche? h. What return does that imply for the Subordinated Tranche