The hypothetical sequential-pay structure with floater, inverse floater, and accrual bond classes is specified in Exhibit 12-6 on page 258.

Tranche	Par Amount	Coupon Rate
A	$194,500,000	7.5%
B	$36,000,000	7.5%
FL	$72,375,000	7.5%
IFL	$24,125,000	7.5%
Z (accrual)	$73,000,000	7.5%

The collateral for FL and IFL is the C tranche specified in Exhibit 12-4 on page 255. In a specific month, the balance for tranche C is USD 5,747,754. We know that the payment to the principal is USD 3,057,282, and the interest payment is USD35,923. The annualized 1-month LIBOR rate for that month is 4%. Compute the principal and coupon payments to FL and IFL in that month.

Tranche C is $96,500,000 with a coupon rate of 7.5%

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