Question
You buy a TIPS at issue at par for $1,000. The bond has a 3.92% annual pay coupon. Inflation turns out to be 2.41%, 2.51%,
You buy a TIPS at issue at par for $1,000. The bond has a 3.92% annual pay coupon. Inflation turns out to be 2.41%, 2.51%, and 3.44% over the next 3 years. What is the total annual coupon income you will receive in year 3?
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Personal Finance Building Your Future
Authors: Robert Walker, Kristy Walker
2nd Edition
0077861728, 9780077861728
