Question
Consider a 3.50 percent TIPS with an issue CPI reference of 184.90. At the beginning of this year, the CPI was 192.00 and was at
Consider a 3.50 percent TIPS with an issue CPI reference of 184.90. At the beginning of this year, the CPI was 192.00 and was at 202.20 at the end of the year. What was the capital gain of the TIPS in percentage terms? Assume semi-annual interest payments and $1,000 par value. (Do not round the intermediate steps. Round your final answer to 2 decimal places.)
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Advanced Financial Accounting
Authors: Richard Lewis, David Pendrill
7th Edition
0273658492, 978-0273658498
