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If an investor purchases a 5%, 2-year annual coupon TIPS at its par value of $1,000 and the CPI increases 3% over each of the

If an investor purchases a 5%, 2-year annual coupon TIPS at its par value of $1,000 and the CPI increases 3% over each of the next 2 years, how many dollars in total will the investor receive over the next two years? (Hint: The CPI increase rate is the inflation rate.) $________ (2 decimal)

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