Question: Goldtiger is issuing a CMO with 2 tranches: - Tranche A has $9 thousand in principal and a 4.3% coupon. - Tranche B has $8

Goldtiger is issuing a CMO with 2 tranches: - Tranche A has $9 thousand in principal and a 4.3% coupon. - Tranche B has $8 thousand in principal and a 4.3% coupon. The mortgages backing the security issued are FRM at a mortgage rate of 4.3% with 10 year maturities and annual payments. There is no guarantee/servicer fee. Prepayment is assumed to be 5% CPR. In year 1 , what is the cash flow to investors in Tranche B? Round your answer to two decimal points (e.g. if your answer is $50,999.4532, write 50999.45)
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