Question: Question Question 30 4 points Save A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $61
Question Question 30 4 points Save A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $61 million of principal with a coupon rate of 3.50% Tranche B Investors own $43 millions of principal with a coupon rate of 3.700. Tranche Z investors own $10 million of principal with a coupon rate of 4.500 The residual carries $1 million and receives all residual payments, Mortstastes 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. What is the ending balance on the B-tranche at the end of the first year (same as the beginning balance in the second year)? Round your answers to two decimal points te.g. If your answer is $56000,0444 write 56000,04). Question Question 30 4 points Save A CMO has been issued with 3 tranches and a residual. At origination: - Tranche A investors own $61 million of principal with a coupon rate of 3.50% Tranche B Investors own $43 millions of principal with a coupon rate of 3.700. Tranche Z investors own $10 million of principal with a coupon rate of 4.500 The residual carries $1 million and receives all residual payments, Mortstastes 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. What is the ending balance on the B-tranche at the end of the first year (same as the beginning balance in the second year)? Round your answers to two decimal points te.g. If your answer is $56000,0444 write 56000,04)
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