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Question
You purchase a Treasury inflation-protected note with an original principal amount of $1,000,000 and a 2.8 percent annual coupon (paid semiannually). What will the first coupon payment be if the semiannual inflation over the first six months is 1.2%?a. $14,168
b. $14,000
c. $28,336
d. $28,000
e. $12,336
Answer
This answer is hidden. It contains 3 characters.
Related questions
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