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A Treasury Inflation Protection Security pays 5.05%. What is the current interest payment if the CPI changes from 256.70 to 274.50? (Assume semiannual interest payments

A Treasury Inflation Protection Security pays 5.05%. What is the current interest payment if the CPI changes from 256.70 to 274.50? (Assume semiannual interest payments and a par value of $1,000)

Multiple Choice

$27.00

$54.00

$25.25

$69.34

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