Question: Crown. Bank has just issued a CMO which has two tranches. Tranche A has a principal value of $80 million and Tranche B has a

Crown. Bank has just issued a CMO which has two tranches. Tranche A has a principal value of $80 million and Tranche B has a principal value $120 million. The annual coupon rates are 6.5% for Tranche A and 8% for Tranche B. If at the end of the first year, the CMO trustee receives total cash flows of $30.3 million, how much will be paid to Tranche A investors (in million dollars) in the first year? (Please round your answer to two decimal places in terms of million dollars and enter the answer without the \$ sign. e.g. if the answer is \$15.375 million, enter 15.38)

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