Question
A 2.875 percent TIPS has an original reference CPI of 185.3. If the current CPI is 210.6, what is the par value and current interest
A 2.875 percent TIPS has an original reference CPI of 185.3. If the current CPI is 210.6, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations and round your final answers to 2 decimal places.)
What is the par value?
What is the interest payment?
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
