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ACMO has been issued with 3 tranches and a residual. At origination: Tranche A Investors own $60 million of principal with a coupon rate of

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ACMO has been issued with 3 tranches and a residual. At origination: Tranche A Investors own $60 million of principal with a coupon rate of 3.50%. Tranche B investors own $15 million of principal with a coupon rate of 3.70%. Tranche 2 investors own $5 million of principal with a coupon rate of 4.50%. The residual carries 51 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 month? Round your answers to two decimal points (e.g. If your answer is $55000.0444, write 56000.04)

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