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An investor buys a $10,000 par, 2.5% coupon TIPS security. There are 2 years until maturity. If inflation over the investor's holding period is 1.5%
An investor buys a $10,000 par, 2.5% coupon TIPS security. There are 2 years until maturity. If inflation over the investor's holding period is 1.5% every 6 months, what is the final payment the TIPS investor will receive? Express your answer in dollars, rounded to the nearest cent.
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