AN \ \ An livestor purchases a Treasury Inflation Protected Security with a coupon rate of

2.6%

and a face value of

$500,000

. Thie maturity date is twenty vears and the rate of imflation for the first payment is

4.1%

. The investor will expect a first coupon payment closest to\ (a)

$6,500

\ (b)

$6,767

\ (c)

$13,000

\ (d)

$13,533

1. An investor purchases a Treasury Inflation Protected sectrity with a coupon rate of 2.6% and a face value of $500,000. The maturity date is twenty years and the rete of infiation for the first payment is 4, 1%. The investor erlll expect a first coupon payment closest to (a) $6,500 (b) $6,767 (c) $13,000 (d) $13,533