Consider a 3.25% TIPS with an issue CPI reference of 240.50. At the beginning of this year, the CPI was 250.40 and was at 258.70 at the end of the year. What was the capital gain of the TIPS in percentage terms? (Do not round the intermediate steps. Round your final answer to 2 decimal places.) A. 3.31% B. 4.52% C. 7.57% D. 3.45%

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter15: Capital Investment Analysis
Section: Chapter Questions
Problem 15.1.1MBA
icon
Related questions
Question

Hello expert please given answer general accounting question

Consider a 3.25% TIPS with an issue CPI reference of 240.50. At the
beginning of this year, the CPI was 250.40 and was at 258.70 at the end
of the year. What was the capital gain of the TIPS in percentage terms?
(Do not round the intermediate steps. Round your final answer to 2
decimal places.)
A. 3.31%
B. 4.52%
C. 7.57%
D. 3.45%
Transcribed Image Text:Consider a 3.25% TIPS with an issue CPI reference of 240.50. At the beginning of this year, the CPI was 250.40 and was at 258.70 at the end of the year. What was the capital gain of the TIPS in percentage terms? (Do not round the intermediate steps. Round your final answer to 2 decimal places.) A. 3.31% B. 4.52% C. 7.57% D. 3.45%
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
Accounting
ISBN:
9781305961883
Author:
Carl Warren
Publisher:
Cengage Learning