Question
TIPS Interest and Par Value A 5.00 percent TIPS has an original reference CPI of 176.30. If the current CPI is 208.20, what is the
TIPS Interest and Par Value A 5.00 percent TIPS has an original reference CPI of 176.30. If the current CPI is 208.20, what is the current interest payment and par value of the TIPS? Assume semi-annual interest payments and $1,000 par value. (Round your answers to 2 decimal places.)
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A. $25.00, $1,000.00, respectively
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B. $29.52, $1,180.94, respectively
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C. $50.00, $1,180.94, respectively
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D. $50.00, $1,000.00, respectively
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Financial Management For Public Health And Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
7th Edition
1071835335, 978-1071835333
