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Suppose on March 1st of 2023, John purchases a newly issued TIPS bond which has a face value of $10,000 and coupon rate of 5.25%,
Suppose on March 1st of 2023, John purchases a newly issued TIPS bond which has a face value of $10,000 and coupon rate of 5.25%, and maturity of 3 years. The semiannual inflation rates in the next 6 six-month periods turn out to be 1.5%, 2%, 2.5%, 1%, 2.5% and 3%. The last payments John will receive from this bond are $ _______. Round the result to the nearest integer.
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