A five-year TIPS note with the original principal of $100,000 has an annual coupon rate...
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Finance
A five-year TIPS note with the original principal of $100,000 has an annual coupon rate of 2.25% and makes semiannual payments. Inflation in the first six months is 2%. What is the first coupon payment on the note?
A. $1,147.50
- B. $1,125
- C. $1,136.25
- D. $2,295
- E. $2,250
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