TIPS Interest and Par Value A $2\mathrm{.}75$ percent TIPS has an original reference CPI of $170\mathrm{.}5.$ If the current CPI is $205\mathrm{.}8,$ what is the current interest payment and par value of the TIPS? Assume semi$-$annual interest payments and $$1,000$ par value. $($Round your answer to $2$ decimal places.$)$

Multiple Choice

$$7\mathrm{.}04,$ $$1,000,$ respectively

$$7\mathrm{.}04,$ $$1,207\mathrm{.}04,$ respectively

$$16\mathrm{.}60,$ $$1,207\mathrm{.}04,$ respectively

$$16\mathrm{.}60,$ $$1,000,$ respectively