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Suppose that the coupon rate for a TIPS is 6.1%. Suppose further that an investor purchases $100,000 of par value (initial principal) of this

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Suppose that the coupon rate for a TIPS is 6.1%. Suppose further that an investor purchases $100,000 of par value (initial principal) of this issue today. What is the inflation-adjusted principal at the end of the first six months? Assume that the relevant annualized inflation rate is 7.1%. (If your answer is $4 then enter 4. Precision is 0+/-0.5.)

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