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Last year you decided to invest in a Treasury Inflation Protected Security (TIPS), and bought a $1000 par value bond at issue, with 5 years

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Last year you decided to invest in a Treasury Inflation Protected Security (TIPS), and bought a $1000 par value bond at issue, with 5 years to maturity, and a stated coupon rate of 3.6%. During the course of the following year the rate of inflation was 4.8%. What would be the par value of the bond today

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