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TIPS A TIPS bond with a $1,000 par value was issued three years ago with a coupon rate of 5%. In the first year inflation

TIPS A TIPS bond with a $1,000 par value was issued three years ago with a coupon rate of 5%. In the first year inflation was 2.5%, in the second year 3% and in the third year 3.5%. The coupon payment at the end of the third year would be ______.

$54.55

$50.00

$54.64

$54.75

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