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Consider a 4.00% TIPS with an issue CPI reference of 185.10. At the beginning of this year, the CPI was 192.20 and was at 202.60 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. 5.41% B. 7.10% C. 5.13% D. 10.40%

Consider a 4.00% TIPS with an issue CPI reference of 185.10. At the beginning of this year, the CPI was 192.20 and was at 202.60 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. 5.41% B. 7.10% C. 5.13% D. 10.40%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Consider a 4.00% TIPS with an issue CPI reference of 185.10. At the beginning of this year, the CPI was 192.20 and was at 202.60 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. 5.41% B. 7.10% C. 5.13% D. 10.40%
Transcribed Image Text:Consider a 4.00% TIPS with an issue CPI reference of 185.10. At the beginning of this year, the CPI was 192.20 and was at 202.60 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. 5.41% B. 7.10% C. 5.13% D. 10.40%
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