Question: A CMO has two tranches, Tranche A and Tranche B, both with $100 million face value and 2% annual coupon rate. If at the end

A CMO has two tranches, Tranche A and Tranche B,
A CMO has two tranches, Tranche A and Tranche B, both with $100 million face value and 2% annual coupon rate. If at the end of the first year, the CMO trustee receives total cash flows of $20.9 million, how much will be paid to Tranche A investors (in million dollars)? (Please round your answer to two decimal places in terms of million dollars)

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