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A 3.750 percent TIPS has an original reference CPI of 180.0. If the current CPI is 206.3, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Par value Interest payment 822.47 15.42 O

A 3.750 percent TIPS has an original reference CPI of 180.0. If the current CPI is 206.3, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Par value Interest payment 822.47 15.42 O

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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A 3.750 percent TIPS has an original reference CPI of 180.0. If the current CPI is 206.3, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Par value 822.47 Interest payment $ 15.42
Transcribed Image Text:A 3.750 percent TIPS has an original reference CPI of 180.0. If the current CPI is 206.3, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Par value 822.47 Interest payment $ 15.42
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