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Suppose that the coupon rate for a TIPS is 5%. Suppose further that an investor purchases $5,788 of par value (initial principal) of this issue

Suppose that the coupon rate for a TIPS is 5%. Suppose further that an investor purchases $5,788 of par value (initial principal) of this issue today What is the dollar coupon interest that will be paid in cash at the end of the first six months? Assume that the annualized inflation rate is 2%. Round your answer to 2 decimal places.

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