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A 5 1/8% TIPS Has an Original Reference CPI of 191.8

Question 60

Multiple Choice

A 5 1/8% TIPS has an original reference CPI of 191.8. If the current CPI is 188.3, what is the par value of the TIPS?


A) $981.75
B) $1,018.60
C) $992.75
D) $1,042.95

Correct Answer:

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