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(Same set-up at previous question) ACMO has been issued with 3 tranches and a residual (the residual owns no principal at origination). At origination: Tranche

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(Same set-up at previous question) ACMO has been issued with 3 tranches and a residual (the residual owns no principal at origination). At origination: Tranche A investors own $6,000,000 of principal with a coupon rate of 3.50%. Tranche B investors own $4,000,000 of principal with a coupon rate of 3.70%. Tranche Z investors own $2,000,000 of principal with a coupon rate of 4.50%. The residual carries no principal and receives remaining payments. At origination, the mortgages backing the security issued are FRM with mortgage rate of 4.50% with 30 year maturities and MONTHLY payments. Assume no servicing/guarantee fee and no prepayments. Remember to adjust rates to monthly if necessary. Round your answers to cents. In month 1, what is the interest payment to Tranche A investors? QUESTION 17 (Same set-up at previous question.) ACMO has been issued with 3 tranches and a residual (the residual owns no principal at origination). At origination: Tranche A investors own $6,000,000 of principal with a coupon rate of 3.50% Tranche B investors own $4,000,000 of principal with a coupon rate of 3.70% Tranche Z investors own $2,000,000 of principal with a coupon rate of 4.50%. The residual carries no principal and receives remaining payments. At origination, the mortgages backing the security issued are FRM with mortgage rate of 4.50% with 30 year maturities and MONTHLY payments. Assume no servicing/guarantee fee and no prepayments. Remember to adjust rates to monthly if necessary. In month 1, what is the interest accrued to tranche 2 investors to two decimal places

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