Question
Consider a 3.40 percent TIPS with an issue CPI reference of 185.6. At the beginning of this year, the CPI was 192.3 and was at
Consider a 3.40 percent TIPS with an issue CPI reference of 185.6. At the beginning of this year, the CPI was 192.3 and was at 200.8 at the end of the year.
What was the capital gain of the TIPS in dollars? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
What was the capital gain of the TIPS in percentage? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, William J. Kretlow
11th Edition
0324653506, 978-0324653502
