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An investor purchases a Treasury Inflation Protected Security with a coupon rate of 3.8% and a face value of $800,000. The maturity date is ten

An investor purchases a Treasury Inflation Protected Security with a coupon rate of 3.8% and a face value of $800,000. The maturity date is ten years and the rate of inflation for the first payment is 2.6%. The investor will expect a coupon payment closest to

a. $15,200.

b. $15,595.

c. $20,800.

d. $31,190.

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