A fixed-income portfolio manager sets a minimum acceptable rate of return on the bond portfolio at 4.2% per year over the next 4 years. The portfolio is currently worth $10 million. One year later interest rates are at 5.2%. What is the portfolio value trigger point at this time that would require the manager to immunize the portfolio? Multiple Choice $9,625 159 $11,788,835 $10.420,000 $10.125,667