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Assume you purchased a 1 0 , 0 0 0 face value semi - annual TIPS one year ago. The coupon rate is 0 .

Assume you purchased a 10,000 face value semi-annual TIPS one year ago. The coupon rate is 0.75%. Assume the first 6 months of inflation were 8.5% and the second 6-months saw inflation of 5.78%. What is the dollar amount of interest you receive for your second coupon payment?

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