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TIPS Example 2: A 10-year TIPS has a par value of $10,000 and a coupon...

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Finance

TIPS Example 2: A 10-year TIPS has a par value of $10,000 and a coupon rate of 3.2%. During the first six months following issue, inflation as measured by the CPI was 1.5% (six-month rate). Show the process used to calculate the first interest payment.

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