Question
1. TIPS Capital Return Consider a 2.50% TIPS with an issue CPI reference of 184.50. At the beginning of this year, the CPI was 191.60
1. TIPSCapital Return Consider a 2.50% TIPS with an issue CPI reference of 184.50. At the beginning of this year, the CPI was 191.60 and was at 201.40 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.)
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Auditing And Assurance Services
Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau
9th Edition
1266796851, 9781266796852
