You purchase a TIP note with an original principal amount of \$1,000,000 and a 6...
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You purchase a TIP note with an original principal amount of \$1,000,000 and a 6 percent annual coupon ( paid semiannually ). What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent ? (round your answer to 2 decimal places ) 
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You purchase a TIP note with an original principal amount of \$1,000,000 and a 6 percent annual coupon ( paid semiannually ). What will the first coupon payment be if the semiannual inflation over the first six months is 2 percent ? (round your answer to 2 decimal places )
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