You purchase a TIP note with an original principal amount of $ 1,000,000 and a 4 percent annual coupon ( paid semiannually ) . What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent ? ( round your answer to 2 decimal places )

2 points Save Answer Question 27 You purchase a TIP note with an original principal amount of $1,000,000 and a 4 percent annual coupon (paid semiannually) What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent? (round your answer to 2 decimal places) Activate Windows A Click Submit to complete this assessment. Question 27 of 2