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You buy a TIPS at issue at par for $1,000. The bond has a 4.99% annual pay coupon. Inflation turns out to be 3%, 3.05%,

You buy a TIPS at issue at par for $1,000. The bond has a 4.99% annual pay coupon. Inflation turns out to be 3%, 3.05%, and 2.15% over the next 3 years. What is the total annual coupon income you will receive in year 3?

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