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A CMO has three tranches. Tranche A has a principal of $40.94 million at an annual coupon of 7.69%. Tranche B has a principal

A CMO has three tranches. Tranche A has a principal of $40.94 million at an annual coupon of 7.69%. Tranche B has a principal of $36.47 million at an annual coupon of 9.43%. Tranche Z has a principal of $33.79 million with an annual coupon of 11.05%. What is the weighted average coupon of the CMO?

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