Question
Consider a 3.75 percent TIPS with an issue CPI reference of 186.90. At the beginning of this year, the CPI was 197.70 and was at
Consider a 3.75 percent TIPS with an issue CPI reference of 186.90. At the beginning of this year, the CPI was 197.70 and was at 202.80 at the end of the year. What was the capital gain of the TIPS in dollars? Assume semi-annual interest payments and $1,000 par value. (Round your answer to 2 decimal places.
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
