Question $18$

$0\mathrm{.}4$ pts

An investor buys a $$10,000$ par, $6\mathrm{.}25$ percent annual coupon $($paid semiannually$)$ TIPS security with five years to maturity. If inflation every six months over the investor's holding period is $3$ percent, what is the final payment the TIPS investor will receive?

$$ $$11,843\mathrm{.}37$

$$12,201\mathrm{.}11$

$$13,859\mathrm{.}14$

$$12,822\mathrm{.}25$

$$11\mathrm{.}213\mathrm{.}00$