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fin221 please help fast Question 8 of 27 L Moving to another question will save this response. Question 8 2 points Save Answer You purchase

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fin221 please help fast

Question 8 of 27 L Moving to another question will save this response. Question 8 2 points Save Answer You purchase a TIP note with an original principal amount of $1,000,000 and a 6 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 1 percent? (round your answer to 2 decimal places)

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