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James owns investment A and 1 bond B . The total value of his holdings is $ 2 , 9 5 0 . 0 0

James owns investment A and 1 bond B. The total value of his holdings is $2,950.00. Bond B has a coupon rate of 7.51 percent, par value of $1,000.00, YTM of 8.02 percent, 11 years until maturity, and semi-annual coupons with the next coupon due in 6 months. Investment A is expected to pay annual cash flows to James of x per year forever with the first annual cash flow expected in 1 year from today. The expected return for investment A is 8.58 percent. What is x, the fixed annual cash flow that will be paid forever by investment A?

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