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  3. you buy a tips at issue at par for $1,000. the bon

You buy a TIPS at issue at par for $1,000. The bond has a 3.2%...

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Finance

You buy a TIPS at issue at par for $1,000. The bond has a 3.2% coupon. Inflation turns out to be 2.2%, 3.2%, and 4.2% over the next 3 years. The total annual coupon income you will receive in year 3 is _________.

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