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An investor buys a $1.000 par TIPS security with 3 years to maturity and a 4.25% coupon rate. If inflation every six months over the
An investor buys a $1.000 par TIPS security with 3 years to maturity and a 4.25% coupon rate. If inflation every six months over the life of the security is 2.50% and the TIPS security pays a semiannual coupon, what is the final coupon payment the TIPS investor will receive at maturity? Input your answer as a dollar value with 2 decimal places, without the $.
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