Consider the following Collateralized Mortgage Obligations with four classes of securities issued. Tranche Asset Pool: 20-year, 9% fixed rate Mortgages = $1,800,000 Overcollaterization = $400,000 Stated maturity Coupon Rate 8 years 7.0% 11 years 8.0% 13 years 9.5% 20 years 10.0% Equity = $400,000 All cash flows are annual. Amount Issued $500,000 $400,000 $300,000 $200,000 Z a) Determine the annual cash flows to Tranche A. (4 points) b) Determine the annual cash flows to Tranche B. (4 points) c) Determine the annual cash flows to Tranche C. (4 points) d) Determine the annual cash flows Tranche Z. (4 points) e) Determine the annual residual cash flow to equity. (4 points)