A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $90 million of principal with a coupon rate of 3.50%. -Tranche investors own $55 million of principal with a coupon rate of 3.70%. Tranche Z investors own $6 million of principal with a coupon rate of 4.50% The residual carries 1 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 interest accrues on tranche Z at the end of the first year? Round your answers to two decimal points (eg, if your answer is $56000.0444, writes 6000.04). A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A Investors own $90 million of principal with a coupon rate of 3.50%. -Tranche investors own $55 million of principal with a coupon rate of 3.70%. Tranche Z investors own $6 million of principal with a coupon rate of 4.50% The residual carries 1 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 interest accrues on tranche Z at the end of the first year? Round your answers to two decimal points (eg, if your answer is $56000.0444, writes 6000.04)