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Suppose you purchase a $ 1 , 0 0 0 TIPS on January 1 , 2 0 2 4 . The bond carries a fixed

Suppose you purchase a $1,000 TIPS on January 1,2024. The bond carries a fixed coupon of 4 percent. Over the first two years, semiannual inflation is 1 percent, 2 percent, 1 percent, and 2 percent, respectively. For each six-month period, calculate the accrued principal and coupon payment.

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