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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 6,000,000. worth of TIPS. The coupon rate is 2.6%, paid semi-annually. After six months the annual inflation rate is 6.9%. Assuming that at the end of the second six months the CPI-U is 2.6%, which is the coupon payment made to the portfolio manager at the end of the second six months?
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