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ACMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $102 million of principal with a coupon rate

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ACMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $102 million of principal with a coupon rate of 3.50%. -Tranche B investors own $28 million of principal with a coupon rate of 3.70%. Tranche investors own $6 million of principal with a coupon rate of 4.50%. The residual carries $1 million 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 year? Round your answers to two decimal points (e.g. If your answer S $56000.0444, write 56000.04). ACMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $102 million of principal with a coupon rate of 3.50%. -Tranche B investors own $28 million of principal with a coupon rate of 3.70%. Tranche investors own $6 million of principal with a coupon rate of 4.50%. The residual carries $1 million 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 year? Round your answers to two decimal points (e.g. If your answer S $56000.0444, write 56000.04)

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