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Tranche Principal Amount Coupon Rate A $45,000,000 9.25% B $35,000,000 10.00% Z $20,000,000 11.00% A mortgage company is issuing a CMO with three tranches, with

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Tranche Principal Amount Coupon Rate A $45,000,000 9.25% B $35,000,000 10.00% Z $20,000,000 11.00% A mortgage company is issuing a CMO with three tranches, with the principal and coupon rate given in the table above. What will be the weighted average coupon on the CMO when issued? 09.86% O 10.06% 09.95% 09.74% 10.14%

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