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A portfolio manager buys 6 , 0 0 0 , 0 0 0 . worth of TIPS. The coupon rate is 2 . 6 %
A portfolio manager buys worth of TIPS. The coupon rate is paid semiannually. After six months the annual inflation rate is Assuming that at the end of the second six months the CPIU is which is the coupon payment made to the portfolio manager at the end of the second six months?
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