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A TIPS bond will mature in two years and has a 6 % coupon rate. It pays semiannually and has a yield of 6 %

A TIPS bond will mature in two years and has a 6% coupon rate. It pays semiannually and has a yield of 6%. The inflation rate is expected to be 1.5% during the first six months, 1.2% in the next 6 months, 1% in the next 6 months, and 0.8% in the last 6 months. Calculate the bond price.

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