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QUESTION
A 3.375 percent TIPS has an original reference CPI of 185.9. If the current CPI is 211.2, what is the par value and current interest payment of the
A 3.375 percent TIPS has an original reference CPI of 185.9. If the current CPI is 211.2, what is the par value and current interest payment of the TIPS? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)
