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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 bond B The total value of his holdings is $ Bond B has a coupon rate of percent, par value of $ YTM of percent, years until maturity, and semiannual coupons with the next coupon due in months. Investment A has an expected return of 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 years from today. What is X the annual cash flow made by investment A
An amount equal to or greater than $ but less than $
An amount equal to or greater than $ but less than $
An amount equal to or greater than $ but less than $
An amount less than $ or an amount greater than $
An amount equal to or greater than $ but less than $
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