Question 21 4 points Save Answer A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own 539,104829 of principal with a coupon rate of 3.50%. - Tranche investors own $9,742,878 of principal with a coupon rate of 3.70%, - Tranche investors own 57,070,787 of principal with a coupon rate of 4.50. The residual carries 51 million and receives all residual payments. Mortgages backing the security issued are fully amortising fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. What is balance on tranche 8 at the end of the first month (same as the balance at beginning of the second monthy? Round your answers to cents les if your answer is 56000,0444, write 56000.04), Question 21 4 points Save Answer A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own 539,104829 of principal with a coupon rate of 3.50%. - Tranche investors own $9,742,878 of principal with a coupon rate of 3.70%, - Tranche investors own 57,070,787 of principal with a coupon rate of 4.50. The residual carries 51 million and receives all residual payments. Mortgages backing the security issued are fully amortising fixed rate with mortgage rate of 4.50% with 30 year maturities and monthly payments. Assume no servicing/guarantee fee and no prepayments. What is balance on tranche 8 at the end of the first month (same as the balance at beginning of the second monthy? Round your answers to cents les if your answer is 56000,0444, write 56000.04)