Chaz owns investment A and 1 share of stock B. The total value of his...
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Chaz owns investment A and 1 share of stock B. The total value of his holdings is $350. Stock B is expected to be priced at $90.32 in 2 years, is expected to pay dividends of $12.32 in 1 year and $15.93 in 2 years, and has an annual expected return of 9.60 percent. Investment A has an expected return of R and is expected to pay $63 per year for a finite number of years such that its first annual payment is expected in 1 year from today and its last annual payment is expected in 5 years from today. What is R, 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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