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Manuel owns investment A and 1 bond B . The total value of his holdings is $ 3 , 2 7 0 . 0 0

Manuel owns investment A and 1 bond B. The total value of his holdings is $3,270.00. Bond B has a coupon rate of 19.61 percent, par value of $920.00, YTM of 9.52 percent, 14 years until maturity, and semi-annual coupons with the next coupon due in 6 months. Investment A is expected to produce cash flows forever. The next cash flow is expected to be $196.81 in 1 year, and subsequent annual cash flows are expected to increase by g each year forever. The expected return for investment A is 18.72 percent. What is g, the annual growth rate for the annual cash flows paid by investment A?

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