A CMO is being issued with 2 tranches: - Tranche A has $58 million in principal and a 3.3% coupon. - Tranche B has $18 million in principal and a 5.6% coupon. The mortgages backing the security issued...

A CMO is being issued with 2 tranches:
- Tranche A has $58 million in principal and a 3.3% coupon.
- Tranche B has $18 million in principal and a 5.6% coupon.
The mortgages backing the security issued are FRM at a mortgage rate of 4.1% with 10 year maturities and annual payments. There is no guarantee/servicer fee. Prepayment is assumed to be 5% CPR.


What is the dollar amount of prepayments in year 1? Round your answer to two decimal points (e.g. if your answer is $4,566.6666, write 4566.67).