Question
A 3.375 percent TIPS has an original reference CPI of 180.3. If the current CPI is 206.6, what is the par value and current interest
| A 3.375 percent TIPS has an original reference CPI of 180.3. If the current CPI is 206.6, 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.) |
| Par value | $ |
| Interest payment | $ |
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. Mcguigan, William J. Kretlow
9th Edition
032416470X, 9780324164701
