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An investor buys a $ 1 0 , 0 0 0 1 year TIP security with a 3 . 5 % coupon at par. Suppose
An investor buys a $ year TIP security with a coupon at par. Suppose that the CPI
increases by in the first six months the investor holds the bond and the CPI increases by in the
second six months. What is the MIRR of this investment?
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