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Matthew owns investment A and 1 bond B . The total value of his holdings is $ 4 , 0 6 0 . 0 0

Matthew owns investment A and 1 bond B. The total value of his holdings is $4,060.00. Bond B has a coupon rate of 7.73 percent, par value of $1,000.00, YTM of 8.11 percent, 8 years until maturity, and semi-annual coupons with the next coupon due in 6 months. Investment A has an expected return of X and is expected to pay $509.87 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 7 years from today. What is X, the expected return for investment A?

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