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A TIPS bond will pay a different coupon amount depending upon inflation each year. Suppose that a 30-year TIPS bond is expected to pay a

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A TIPS bond will pay a different coupon amount depending upon inflation each year. Suppose that a 30-year TIPS bond is expected to pay a coupon of 6% for the first ten years, then 8% for the next ten years, then 10% for the last ten years. If the yield-to-maturity is 7%, and coupons are paid annually, then what is the price of this bond? None of these is correct $3,210,71 $1,124.09 $1,019.92 $1,070.24 0 000

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