A 3.000 percent TIPS has an original reference CPI of 185.6. If the current CPI is 210.9, what are the current interest payment and par value of the TIPS? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Par value Interest payment

A 3.000 percent TIPS has an original reference CPI of 185.6. If the current CPI is 210.9, what are the current interest payment and par value of the TIPS? Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Par value Interest payment

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

A 3.000 percent TIPS has an original reference CPI of 185.6. If the current CPI is 210.9, what are the current interest
payment and par value of the TIPS?
Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.
Par value
Interest payment

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