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A 3 . 2 5 0 percent TIPS has an original reference CPI of 1 8 5 . 8 . If the current CPI is

3.250

percent TIPS has an original reference CPI of

185.8 .

If the current CPI is

211.1,

what are the current interest payment and par value of the TIPS?

Note: Do not round intermediate calculations. Round your final answers to

2

decimal places.

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