Question
You bought $1,000 worth of TIPS bonds as a new issue. The coupon on your bond is 1%. After six months, the government reports that
You bought $1,000 worth of TIPS bonds as a new issue. The coupon on your bond is 1%. After six months, the government reports that the consumer price index rose 6%.
What is the amount of the coupon payment that the bond will pay?
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Get StartedRecommended Textbook for
Business Mathematics In Canada
Authors: Ernest Jerome
7th edition
978-0071091411, 71091416, 978-0070009899
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