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A 3 . 7 5 percent TIPS has an original reference CPI of 1 8 3 . 9 . If the current CPI is 2

A 3.75 percent TIPS has an original reference CPI of 183.9. If the current CPI is 214.7, what is the current interest payment? (Assume semiannual interest payments and a par value of $1,000.)
Multiple Choice
$43.78
$37.50
$21.89
$18.75

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