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An investor buys a $10,000 par, 4.25 percent semiannual coupon TIPS security with three years to maturity. If the annual inflation every year over the

An investor buys a $10,000 par, 4.25 percent semiannual coupon TIPS security with three years to maturity. If the annual inflation every year over the investor's holding period is 2.50 percent, what is the principal value of the TIPS when it matures?

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