Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. question 12 acmo is being issued with 2 tranches:

QUESTION 12 ACMO is being issued with 2 tranches: Tranche A has $16 million in...

80.2K

Verified Solution

Question

Accounting

image
QUESTION 12 ACMO is being issued with 2 tranches: Tranche A has $16 million in principal and a 5.3% coupon - Tranche B has $13 million in principal and a 1.6 coupon The mortgages backing the security issued are FRM at a mortgage rate of 7.5 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 B7 Round your answer to two decimal points (e.g. If your answer is 550,999.4532, write 50999.45)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

A recent study 41 compared 298 children with autism spectrum disorder to 1507 randomly selected control...

Statistics
Q

What is the relationship between distance in nanometers and the number of atoms? What is the difference...

Electrical Engineering
Q

What is the major advantage of an S corporation, what are the disadvantages?

General Management
Q

7 hasses are attached by a lightweight rod This object orbits a planet the length...

Physics
Q

Given g(x)=2x-1, solve for a when g(x) = 3.

Basic Math
Q

Write the point-slope form of the line satisfying the given conditions. Then use the point-slope...

Basic Math
Q

Use the graph of f to evaluate the following 6 5 1 4 3 Next...

Calculus
Q

Your Company purchased a machine for a total cost of $82,000. It was deprecated over...

Accounting
Q

Inventory Costing Methods-Periodic Method The Lippert Company uses the periodic inventory system. The following July...

Accounting
Q

balance sheet House of Tutors, Incorporated (HTI), is...

Accounting
Q

Instructions Bangles Corporation issued 5-year, 11% bonds with a face value of $300,000 on...

Accounting
Q

upload a chart or index and discuss The Growth of Mutual Funds of the USA...

Finance