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Tips were issued on march 15, 2015, with an annual coupon rate of 1%. coupons are paid semiannually. the first interest payment date for these tips was september 15, 2015. the reference cpi number on

Tips were issued on march 15, 2015, with an annual coupon rate of 1%. coupons are paid semiannually. the first interest payment date for these tips was september 15, 2015. the reference cpi number on the issue date of march 15, 2015, was 105. the reference cpi number on september 15, 2015, was 107.00. then, for a total par value of $1,000,000, what was the total coupon payment on september 15, 2015?

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