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Consider a 3.15 percent TIPS with an issue CPI reference of 207.0. The bond is purchased at the beginning of the year (after the interest

image text in transcribed Consider a 3.15 percent TIPS with an issue CPI reference of 207.0. The bond is purchased at the beginning of the year (after the interest payment), when the CPI was 216.9. For the interest payment in the middle of the year, the CPI was 219.9. Now, at the end of the year, the CPI is 223.6 and the interest payment has been made. What is the total return of the TIPS in dollars? What is the total return of the TIPS in percentage? Note: Do not round intermediate calculations. Round your final answer to 2 decimal places. Answer is complete but not entirely correct

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