Question
TIPS Interest and Par Value A 3.75 percent TIPS has an original reference CPI of 170.9. If the current CPI is 206.2, what is the
TIPS Interest and Par Value A 3.75 percent TIPS has an original reference CPI of 170.9. If the current CPI is 206.2, what is the current interest payment and par value of the TIPS? (Round your answer to 2 decimal places.)
$1,000, $22.62, respectively
$1,000, $6.55, respectively
$1,206.55, $6.55, respectively
$1,206.55, $22.62, respectively
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Fintech For Finance Professionals
Authors: David Kuo Chuen Lee, Joseph Lim, Kok Fai Phoon, Yu Wang
1st Edition
9811241864, 978-9811241864
