Question
Problem 7-8 TIPS Interest and Par Value (LG7-2) A 3.250 percent TIPS has an original reference CPI of 180.6. If the current CPI is 206.9,
Problem 7-8 TIPS Interest and Par Value (LG7-2)
A 3.250 percent TIPS has an original reference CPI of 180.6. If the current CPI is 206.9, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
Par value Interest payment
Problem 7-8 TIPS Interest and Par Value (LG7-2)
A 3.250 percent TIPS has an original reference CPI of 180.6. If the current CPI is 206.9, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
