A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations and round your final answers to 2 decimal places.)

A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations and round your final answers to 2 decimal places.)

Economics For Today

10th Edition

ISBN:9781337613040

Author:Tucker

Publisher:Tucker

Chapter17: Inflation

Section: Chapter Questions

Problem 5SQ

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A 2¾ percent TIPS has an original reference CPI of 185.4. If the current CPI is 210.7, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations and round your final answers to 2 decimal places.)

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