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A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $11 thousand of principal with a coupon

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A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $11 thousand of principal with a coupon rate of 3.50%. - Tranche B investors own $22 thousand of principal with a coupon rate of 3.70%. - Tranche Z investors own $9 thousand of principal with a coupon rate of 4.50%. - The residual carries $1 thousand of principal and receives all residual payments. Mortgages backing the security issued are fully amortizing fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly_payments. Assume no servicing/guarantee fee and no prepayments. How much cash flow do investors in the Z-tranche receive in the first month? Round your answers to two decimal poi nts (e.g. if your answer is $56000.0444, write 56000.04 ). A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $11 thousand of principal with a coupon rate of 3.50%. - Tranche B investors own $22 thousand of principal with a coupon rate of 3.70%. - Tranche Z investors own $9 thousand of principal with a coupon rate of 4.50%. - The residual carries $1 thousand of principal and receives all residual payments. Mortgages backing the security issued are fully amortizing fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly_payments. Assume no servicing/guarantee fee and no prepayments. How much cash flow do investors in the Z-tranche receive in the first month? Round your answers to two decimal poi nts (e.g. if your answer is $56000.0444, write 56000.04 )

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