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

Wesley owns investment A and 1 bond B. The total value of his holdings is $3,200.00. Bond B has a coupon rate of 14.44 percent, par value of $1,140.00, YTM of 12.67 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 X in 1 year, and subsequent annual cash flows are expected to increase by 1.46 percent each year forever. The expected return for investment A is 13.63 percent. What is X, the annual cash flow that will be paid in 1 year from now by investment A?
An amount equal to or greater than $300.00 but less than $328.00
An amount equal to or greater than $248.00 but less than $277.00
An amount equal to or greater than $277.00 but less than $300.00
An amount less than $248.00 or an amount greater than $366.00
An amount equal to or greater than $328.00 but less than $366.00

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