Consider a 2.50% TIPS with an issue CPI reference of 187.70. At the beginning of this year, the CPI was 198.50 and was at 204.40 at the end of the year. What was the capital gain of the TIPS in dollars? A. $16.70 B. $31.43 C. $10.80 D. $5.90
Consider a 2.50% TIPS with an issue CPI reference of 187.70. At the beginning of this year, the CPI was 198.50 and was at 204.40 at the end of the year. What was the capital gain of the TIPS in dollars? A. $16.70 B. $31.43 C. $10.80 D. $5.90
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Consider a 2.50% TIPS with an issue CPI
reference of 187.70. At the beginning of
this year, the CPI was 198.50 and was at
204.40 at the end of the year. What was
the capital gain of the TIPS in dollars?
A. $16.70
B. $31.43
C. $10.80
D. $5.90
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