A 1
Subject:BusinessPrice:16.89 Bought3
A 1.85% Coupon Treasury Inflation Protected Security (TIPS) last principal balance is $103,250. The most recent annual inflation rate is 2.25%. What is the semi-annual coupon interest? ANSWER CHOICES are below
$976.55
$1,161.56
$938.88
$965.81
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Semi-annual interest =(1.85% /2 * $103,250) *1.0225
=$976.55
