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To protect her investment from inflation. Melinda purchased a new 1 0 - yr $ 5 0 0 0 - 6 % real return bond

To protect her investment from inflation. Melinda purchased a new

10 -

yr $

5000 - 6 %

real return bond last year. Over the last year, the CPI increased by

2 % .

What semi annual interest payment will Melinda receive on her bond this year.

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