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Leonard owns investment A and 1 bond B . The total value of his holdings is $ 1 5 , 6 5 0 . 0

Leonard owns investment A and 1 bond B. The total value of his holdings is $15,650.00. Bond B has a coupon rate of 14.83 percent, par value of $1,000.00, YTM of 12.73 percent, 8 years until maturity, and semi-annual coupons with the next coupon due in 6 months. Investment A has an expected return of 7.00% and is expected to pay X per year for a finite number of years such that its first annual payment is expected later today and its last annual payment is expected in 6 years from today. What is X, the annual cash flow made by investment A?
An amount equal to or greater than $2,775.00 but less than $2,904.00
An amount equal to or greater than $3,004.00 but less than $3,100.00
An amount equal to or greater than $2,904.00 but less than $3,004.00
An amount less than $2,610.00 or an amount greater than $3,100.00
An amount equal to or greater than $2,610.00 but less than $2,775.00

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