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Suppose that the portfolio manager in question 3 , part a , has the opportunity to invest the $ 5 0 0 , 0 0

Suppose that the portfolio manager in question

3,

part a

,

has the opportunity to invest the $

500, 000

for seven years in a debt obligation that promises to pay an annual interest rate of

6.1 %

compounded semiannually. Is this investment alternative more attractive than the one in question

3,

part a

?

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