You purchase a TIP note with an original principal amount of $1,000,000 and a 10...
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You purchase a TIP note with an original principal amount of $1,000,000 and a 10 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 10 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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