54. A fixed-income portfolio manager sets a minimum acceptable rate of return on the bond portfolio at 5% per year over the next 4 years. The portfolio is currently worth $10 million. One year later interest rates are at 6%. What is the portfolio value trigger point at this time that would require the manager to immunize the portfolio? () $10,205,625 $10,500,000 $9,627.948 $12,155,063