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You purchased a newly issued TIPS bond that has a 4% coupon rate, five years to maturity, and a par value of $1,000. The average

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You purchased a newly issued TIPS bond that has a 4% coupon rate, five years to maturity, and a par value of $1,000. The average inflation rate over the first year was 3.6%. What is the amount of the coupon payment you will receive at the end of the first year? (Assume coupons are paid annually) $40 $36 $41.44 $76

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