Chaz owns investment A and 1 bond B.The total value of his holdings is $4,200.Bond B has
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Chaz owns investment A and 1 bond B.The total value of his holdings is $4,200.Bond B has a coupon rate of 5.28 percent, par value of $1000, YTM of 6.82 percent, 6 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 $741 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 5 years from today.What is X, the expected return for investment A?Answer as a rate in decimal format so that 12.34% would be entered as .1234 and 0.98% would be entered as .0098.
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